For the most comprehensive view of the PSX fee and rebate schedule, please refer to the Order Execution and Routing section of the PSX Rule Book.
Price List - Trading
PSX rewards market participants who actively quote at the National Best Bid or Offer NBBO in a broad set of securities through the XLP program.
A Member MPID attains XLP status on a per security basis by meeting certain quoting requirements each month. By meeting affirmative standards, XLPs receive an enhanced rebate to add displayed liquidity on PSX.
Fee list - Nasdaq
If an MPID qualifies as an XLP in over securities, it will receive the XLP rebate to add displayed liquidity in all securities.
In order to determine how much time an MPID quotes a security at the NBBO for purposes of determining an MPIDs QMM eligibility, NASDAQ will take the average of the time spent at the bid and offer between 9: Firms must be members of Nasdaq PHLX PHLX in order to trade on PSX.
However, there are currently no participation fees for trading equities as part of a PHLX membership. Refer to the PHLX membership page for more information. PSX will charge fees for members who file more than two unsuccessful clearly erroneous complaints during a calendar month. The fee will be reflected in the monthly invoice. In order to fund Section 31 exchange obligations, we assess a Sales Fee to Clearing Firms relative to the covered sale activity of their executing brokers on PSX.
The PSX sales fee invoicing is performed separately from NASDAQ and BX. There are discreet invoices and support files available. The BX direct debit appears on the Settlement Account line 45 and the NASDAQ direct debit appears on the Settlement Account line Equities Nasdaq BX PSX Exchange Traded Funds NextShares Nasdaq International Designation.
Nasdaq PSX Fee Schedule
Fixed Income Nasdaq Fixed Income. Options BX Options NOM PHLX ISE GEMX MRX. Options and Futures Options on U.
Fee list - Nasdaq
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Arial, Helvetica, sans-serif; font-size: Rebate to Add Displayed Liquidity Per Share Executed Tape A Tape B Tape C Liquidity Code Firm adds and removes 0. Equities Per Share Executed Fee for orders executed outside of the NASDAQ PSX facility 0. Fee for orders executed outside of the NASDAQ PSX facility.