Nasdaq UPs Rebates for Penny Stock Market Makers
Published Date: 2/17/2026
Notice
Summary
Nasdaq is changing how it pays some market makers who trade penny options, giving new rebates starting February 2, 2026. This update mainly affects market makers who add liquidity, meaning they help keep trading smooth and active. The changes kick in right away and could impact how much money these traders earn from rebates.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Penny-Options Market Maker Rebates Cut $0.01
If you are a NOM Market Maker that adds liquidity in Penny Symbols, your Tier 5 rebate is changing from $0.46 to $0.45 per contract and your Tier 6 rebate is changing from $0.48 to $0.47 per contract. These amended rebates are operative on February 2, 2026.
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