Federal Register #SR-PHLX-2026-61

Nasdaq PHLX proposes higher Tier 1 rebates for multiply listed options

This SEC notice covers a Nasdaq PHLX LLC rule change to rebates for multiply listed options, not a government purchase of products or services. - Government/regulatory entities: The Securities and Exchange Commission (SEC) published the notice; Nasdaq PHLX LLC filed the proposed change. - Pricing changes: The Tier 1 Floor Broker Incentive Program rebate increases from $0.04 to $0.07 per contract for qualifying volume with a customer on one side, and from $0.10 to $0.18 per contract when both sides are non-customers. - Other revision: Examples are updated to reflect the new Tier 1 rebates and corrected to show the existing Tier 4 non-customer rebate of $0.20 per contract. The Tier 4 example correction is described as non-substantive. - Status and requirements: The rule change became effective upon filing; the SEC invited public comments. - Procurement scope: No products, services, quantities, part numbers, OEMs, or contract value are identified.

Description

Nasdaq PHLX LLC filed a proposed rule change to amend its Pricing Schedule at Options 7, Section 4, concerning multiply listed options fees. The changes include increasing Tier 1 per-contract rebates in the Floor Broker Incentive Program and revising examples to reflect the rebate changes. The filing also corrects an example to reflect a previously reduced Tier 4 rebate; the source states this correction is not substantive. The rule change became effective upon filing, and the SEC invited comments.

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