Nasdaq ISE Options Pricing Rule Change
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nasdaq ISE is changing parts of its options pricing schedule, including rebates for certain Priority Customer complex orders and fees or rebates for index options. The filing affects market participants that trade options on ISE, especially members and affiliated entities whose customer complex order volume qualifies for rebate tiers. For compliance and trading teams, the practical issue is cost. Firms using ISE should review the updated Options 7, Sections 4 and 5 pricing terms to understand whether their order flow, rebate eligibility, or index options trading economics will change.
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Key Changes
- Amends rebate terms for certain Priority Customer complex orders in select symbols
- Updates parts of the ISE pricing schedule for complex order fees and rebates
- Changes pricing terms for index options fees and rebates