Nasdaq Fine-Tunes Trader Credits: Boring Finance Alert!
Published Date: 7/7/2025
Notice
Summary
Nasdaq is tweaking a rule to fix how it rewards members for adding liquidity with displayed orders. This change makes sure the $0.00015 per share credit applies as originally planned, affecting traders using Nasdaq Market Center IDs. The update kicks in right away, so members can expect their transaction credits to better match their trading activity starting now.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Restores $0.00015 Liquidity Credit
If you are a Nasdaq member using one or more Nasdaq Market Center MPIDs, you will receive a $0.00015 per share credit for displayed orders that add liquidity (other than Supplemental Orders or Designated Retail Orders) when, during a month, you execute a combined average daily volume (ADV) of at least 5,000,000 shares through midpoint orders that execute against M‑ELO and M‑ELO Orders. Nasdaq filed the change on June 18, 2025 and it became effective immediately.
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