Effective Wednesday, August, 1, 2012, pending filing with the Securities and Exchange Commission (SEC), EDGA Exchange Inc. (EDGA) will introduce a new Step Up tier that will allow Members to qualify for a rebate of $0.0005 per share for their displayed shares (Flags B, V, Y, 3, and 4) for adding liquidity to EDGA.
To be eligible for this tier, Members must, on a daily basis, measured monthly, add at least 0.10% of the Total Consolidated Volume (TCV) in Average Daily Volume (ADV) more than their ADV added in July 2012. See footnote 18 in the EDGA Fee Schedule for details.
Updates to Support PSX Pricing Changes on EDGA and EDGX
The following flags have been updated to support changes to NASDAQ OMX PSX fee schedule effective Wednesday, August 1, 2012:
|
Flag |
Description |
Rate |
|
K |
Routed to PSX using ROUC or ROUE routing strategies |
$0.0027 fee |
|
RS |
Routed to PSX, adds liquidity |
$0.0016 rebate |
More Information
- EDGA Fee Schedule for August 2012 (pending filing with the SEC)
