10 Jul 2025
💰Nasdaq PHLX Proposes QCC Rebate Amendments for Options Trading
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Phlx Options 7, Section 4
Summary
Nasdaq PHLX LLC has filed a proposed rule change to amend its QCC rebate structure, aiming to incentivize higher trading volumes among market participants. The amendment seeks to increase the rebate from $0.27 to $0.30 per contract under specific conditions, promoting greater transaction activity on the Exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by Nasdaq PHLX LLC to amend QCC rebates directly affects trading costs and profitability for businesses involved in options trading. Increased rebates can incentivize higher trading volumes and potentially lower costs for Lead Market Makers, Market Makers, and Broker-Dealers.