Nasdaq ISE Offers Bigger Rebates for Heavy Options Traders
Published Date: 6/29/2026
Notice
Summary
Nasdaq ISE is updating its rules to give extra money-back rewards (rebates) to traders who handle over 10,000 FLEX option contracts daily in a month. This change helps big-volume traders save more on fees starting right away from June 24, 2026. If you trade lots of complex options, this update could boost your savings!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Extra per‑contract rebates for Select Symbols
If you are a Nasdaq ISE Member and you transact an average daily volume of greater than 10,000 FLEX Order contracts in a given month, the Exchange will pay additional per‑contract, per‑leg rebates for Select Symbols starting June 24, 2026. These additional Select Symbol rebates (in addition to existing Priority Customer rebates) are: Tier 1 $0.00; Tier 2 $0.02; Tier 3 $0.03; Tier 4 $0.04; Tier 5 $0.06; Tier 6 $0.02; Tier 7 $0.01; Tier 8 $0.00; Tier 9 $0.00; Tier 10 $0.00. Eligible volume from Affiliated Members and Affiliated Entities will be aggregated for the 10,000‑contract threshold, and these rebates apply when the complex order trades with Non‑Priority Customer orders in the complex order book.
Extra per‑contract rebates for Non‑Select Symbols
If you are a Nasdaq ISE Member and you transact an average daily volume of greater than 10,000 FLEX Order contracts in a given month, the Exchange will pay additional per‑contract, per‑leg rebates for Non‑Select Symbols starting June 24, 2026. These additional Non‑Select Symbol rebates (in addition to existing Priority Customer rebates) are: Tier 1 $0.00; Tier 2 $0.05; Tier 3 $0.10; Tier 4 $0.15; Tier 5 $0.20; Tier 6 $0.12; Tier 7 $0.12; Tier 8 $0.03; Tier 9 $0.01; Tier 10 $0.00. Eligible volume from Affiliated Members and Affiliated Entities will be aggregated for the 10,000‑contract threshold, and these rebates apply when the complex order trades with Non‑Priority Customer orders in the complex order book.
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