Nasdaq Boosts Trader Rebates in Quick Pricing Rule Tweak
Published Date: 3/17/2025
Notice
Summary
Nasdaq PHLX is shaking up its pricing rules to make it easier for traders to earn rebates on Qualified Contingent Cross trades and to boost rewards for floor brokers working the open outcry pits. These changes lower the bar to qualify for rebates and expand the volume tiers, meaning more traders and brokers can save or earn more money starting immediately. If you trade options on Nasdaq PHLX, keep an eye on these new perks and act fast!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Bigger Floor Broker Incentives
The Exchange expanded the Floor Transaction (Open Outcry) Floor Broker Incentive Program by widening qualifying volume criteria, Qualifying Contract tiers, and rebates, so floor brokers working the pits can qualify for higher rewards. The amendment was filed March 10, 2025 and designated for immediate effectiveness.
Lower Bar for QCC Rebates
If you trade options on Nasdaq PHLX, the Exchange decreased certain criteria to qualify for Qualified Contingent Cross (QCC) rebates, making it easier for traders to earn those rebates. The change was filed March 10, 2025 and the Exchange designated the proposal for immediate effectiveness.
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