US-based exchange group Nasdaq OMX plans to launch a new pricing scheme from today that will provide members that trade on both its options and equity markets with an additional rebate.
The new pricing tier is subject to approval by US regulator the Securities and Exchange Commission.
It will award investors that add or remove over 300,000 contracts on the Nasdaq Options Market per day and add greater than 1% of consolidated average daily volume on the Nasdaq Stock Market will receive a rebate of $0.00295 per share for displayed liquidity. The rebate will be $0.0015 per share for non-displayed liquidity.