Nasdaq PHLX Cuts Rewards for Market Helpers
Published Date: 3/18/2025
Notice
Summary
Nasdaq PHLX is changing its rules to stop giving a credit to members who add liquidity to the market. This affects traders who get paid for helping the market run smoothly. The change is effective immediately, so members should adjust fast to avoid surprises in their fees or earnings.
Free Policy Watch
New rules are filed every week. Most people never see them.
Pick a topic. PRIA watches every federal rule and tells you when one hits your household.
Pick a topic to get started
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Exchange removes liquidity-providing credit
Nasdaq PHLX filed a rule change on March 3, 2025 to remove a credit that was paid to member organizations for providing liquidity through the Exchange. The change was designated immediately effective upon filing, so member firms that earned that credit should adjust right away to avoid surprises in their fees or earnings; public comments are invited through April 8, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in