2025-02433Notice

Nasdaq BX Tweaks Options Rebates for Alert-Triggering Trades

Published Date: 2/11/2025

Notice

Summary

Nasdaq BX is changing how it pays rebates for certain options trades that trigger an order exposure alert. This update affects traders using the exchange by adjusting the money they get back for these trades, starting immediately. The goal? To keep things fair and clear while encouraging smart trading.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Rebates for Order Exposure Alerts

If you trade options on Nasdaq BX, the exchange changed how it pays rebates for contracts that generate an "order exposure alert." The change took effect when the rule filing was made on February 3, 2025, and the SEC is soliciting comments on the filing through March 4, 2025. This update adjusts the amount traders get back for those specific trades.

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Key Dates

Effective Date
Published Date
2/3/2025
2/11/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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