Greater than 0.175% TCV added of non-displayed liquidity (other than midpoint orders).Greater than 0.60% added of which 0.10% are Tape B securities.Add greater than 0.60% TCV and Remove greater than 0.80% TCV and.Firm executes an average daily volume of 350,000 or more shares through Midpoint Extended Life Orders during the month.Firm executes an average daily volume of 750,000 or more shares through Midpoint Extended Life Orders during the month.Increases Midpoint Extended Life Orders average daily volume by 150% or more versus the firm’s January 2021 Midpoint Extended Life Orders average daily volume and.Add greater than 0.20% of TCV using midpoint orders (midpoint add + MELO) andĠ.85% or greater added of which 0.25% or greater are Tape B securitiesĠ.625% or greater added of which 0.15% or greater are Tape B securitiesĪdd Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.15% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM.Firm has a 60% add to total volume (adding and removing) ratio during the month.0.15% or greater are Designated Retail orders and.Add 0.25% TCV or greater using midpoint orders (midpoint add + MELO) and.Greater than 0.95% add and add 0.25% TCV of non-display Add greater than 0.40% of TCV using midpoint orders (midpoint add + MELO) andġ.25% or greater added of which 0.40% or greater are Tape B securities.Greater than 1.20% add of which 0.25% establishes the NBBO Add Customer, Professional, Firm, Non-NOM Market Maker and/or Broker-Dealer liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 1.50% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM.
Add NOM Market Maker liquidity in Penny Pilot Options and/or Non- Penny Pilot Options of 0.20% or more of total industry ADV in the customer clearing range for Equity and ETF option contracts per day in a month on NOM and.0.15% or greater are Designated Retail orders.0.35% or greater are Tape C securities and.Add 1.40% or greater of TCV in Tape C securitiesįirm has a 60% add to total volume (adding and removing) ratio during the month and Add 0.50% or greater of TCV of which.Add 1.40% or greater of TCV in Tape A securities and.Add 0.60% or greater of TCV in Tape B securities.Add 0.75% or greater of TCV in Tape A securities and.Firm adds a minimum average daily volume of 3 million shares through midpoint orders (midpoint add + MELO) and grows midpoint add ADV (midpoint add + MELO) by 100% or more vs June 2021 midpoint add ADV (midpoint add + MELO).Increases average daily volume of Midpoint Extended Life Orders (including midpoint orders that execute against Midpoint Extended Life Orders) by 1 million shares or more versus the firm’s June 2021 Midpoint Extended Life Orders (including midpoint orders that execute against Midpoint Extended Life Orders) ADV or.Firm adds a minimum average daily volume of 4 million shares through midpoint orders (midpoint add + MELO) and grows midpoint add ADV (midpoint add + MELO) by 150% or more vs June 2021 midpoint add ADV (midpoint add + MELO).Increases average daily volume of Midpoint Extended Life Orders (including midpoint orders that execute against Midpoint Extended Life Orders) by 2 million shares or more versus the firm’s June 2021 Midpoint Extended Life Orders (including midpoint orders that execute against Midpoint Extended Life Orders) ADV or.
Greater than 1.75% added of which 0.60% or greater are Tape B securities (other than Supplemental Orders or Designated Retail orders)Īdditional $0.00005 in Tape B for Designated Retail orders Rebate to Add Displayed Liquidity, Shares Executed at or Above $1.00 (based on consolidated U.S. However, odd lots are always included as part of any Firm or MPID's volume for purposes of tier calculations.
Note that on December 9 th, 2013, NASDAQ began excluding odd-lot transactions from industry volume calculations. All percentages below are Firm or MPID share volumes expressed as a percentage of consolidated U.S.