Head Trader Alert #2002-161 - October 23, 2002
NASDAQ Announces New SuperMontage Price Schedule
(Alert #2002-161)
Summary
New SuperMontage price schedule effective November 1, 2002
Changes to SuperMontage price schedule
Contact information
Overview
In order to position NASDAQ® competitively in the current marketplace, effective Friday, November 1, 2002, NASDAQ will implement a new SuperMontageSM price schedule. The plan has been filed for immediate effectiveness with the Securities and Exchange Commission (SEC). The new price schedule will be implemented for securities trading on SuperMontage and will become effective for additional securities as they are phased into SuperMontage. SuperSoesSM and SelectNet® pricing will remain unchanged.
New SuperMontage Price Schedule
Changes to the existing SuperMontage pricing are below. For a complete, updated SuperMontage price schedule, click here.
Non-directed and preferenced order execution:
$0.003 per share if executing firm does not charge an access fee.
$0.001 per share if executing firm charges an access fee (no change).
Liquidity provider rebate for non-directed and preferenced order execution: $0.002 per share to members that do not charge an access fee.
Directed orders execution: $0.003 per share.
Price cap on securities priced at $1.00 or less per share:
$75 maximum for non-directed and preferenced order execution if executing firm does not charge an access fee.
$25 maximum for non-directed order execution if executing firm charges an access fee.
$50 maximum for liquidity provider rebate.
NASDAQ Announces New SuperMontage Price Schedule
(Alert #2002-161)
Summary
New SuperMontage price schedule effective November 1, 2002
Changes to SuperMontage price schedule
Contact information
Overview
In order to position NASDAQ® competitively in the current marketplace, effective Friday, November 1, 2002, NASDAQ will implement a new SuperMontageSM price schedule. The plan has been filed for immediate effectiveness with the Securities and Exchange Commission (SEC). The new price schedule will be implemented for securities trading on SuperMontage and will become effective for additional securities as they are phased into SuperMontage. SuperSoesSM and SelectNet® pricing will remain unchanged.
New SuperMontage Price Schedule
Changes to the existing SuperMontage pricing are below. For a complete, updated SuperMontage price schedule, click here.
Non-directed and preferenced order execution:
$0.003 per share if executing firm does not charge an access fee.
$0.001 per share if executing firm charges an access fee (no change).
Liquidity provider rebate for non-directed and preferenced order execution: $0.002 per share to members that do not charge an access fee.
Directed orders execution: $0.003 per share.
Price cap on securities priced at $1.00 or less per share:
$75 maximum for non-directed and preferenced order execution if executing firm does not charge an access fee.
$25 maximum for non-directed order execution if executing firm charges an access fee.
$50 maximum for liquidity provider rebate.
