Wall Street Letter Volume XLV Issue 16 - Page 14

16 – 22 MAY 2013 W E E K C O M M E N C I N G 1 3 M AY 2 0 1 3 NAME OF EXCHANGE BYX Exchange SUMMARY OF CHANGE Amends regulatory transaction fee NEW FEE SUMMARY OF FEE CH ANGES AT E XCH ANGES CHANGED FROM SOURCE: EXCHANGE RULE FILINGS EFFECTIVE DATE May 25 EXPLANATION $17.40 per million dollars $22.40 per million dollars reduce the Section 31 fee rate for exchange and OTC transactions. Also applies to transactions on BZX Exchange and on BATS Options. $0.35 per contract rebate per leg if executed by Public Customers; $0.45 per contract fee per leg if executed by Professional Customers and BrokerDealers; $0.40 per contract fee per leg if executed by Market Makers $0.35 per contract for Public Customers executing against Professionals, Broker-Dealers and Market Makers; $0.45 per contract for Professionals and Broker-Dealers executing against Public Customers; $0.20 per contract for Professionals or Broker-Dealers executing against Professionals, Broker-Dealers and Market Makers; $0.40 per contract for Market Makers executing against Public Customers; $0.10 per contract for Market Makers executing against Professionals, Broker-Dealers and Market Makers $0.70 per contract for Public Customers executing against Professionals, Broker-Dealers and Market Makers; $0.80 per contract for Professionals and Broker-Dealers executing against Public Customers; $0.40 per contract for Professionals or Broker-Dealers executing against Professionals, Broker-Dealers and Market Makers; $0.75 per contract for Market Makers executing against Public Customers; $0.20 per contract for Market Makers executing against Professionals, Broker-Dealers and Market Makers $0.55 per contract maximum fee; $0.45 per contract maximum rebate N/A May 03 complex order book on BOX Options. BOX Options Exchange Establishes fees for complex orders executed against orders on BOX book Establishes fees for complex orders executed against orders in the complex order book in Penny Pilot classes N/A May 03 complex order book on BOX Options. Public Customers can execute against other Public Customers for free. 14 Establishes fees for complex orders executed against orders in the complex order book in non-Penny Pilot classes N/A May 03 complex order book on BOX Options. Public Customers can execute against other Public Customers for free. C2 Options Exchange Amends fees for simple, noncomplex orders in Unique equity option classes $0.85 per contract maximum fee/ $0.085 per contract for mini options; $0.75 per contract maximum rebate/ $0.075 per contract rebate for mini options Immediately Responds to participant feedback that current pricing is disproportionate and discourages trading in classes such as BAC, MBI, BBRY, DEL and JCP (Unique classes). Lower fee only applies to Unique options classes. Applies to transactions by Floor Broker Trading Permit Holders in multiply-listed options. Intended to encourage open-outcry transactions in mutiply-listed options. Applies to orders routed to BYX Exchange for securities priced at $1 or more. Chicago Board Options Exchange Establishes Floor Broker permit rebate $7,500 rebate for Floor Brokers executing 15,000 customer openoutcry contracts per day on average over a month. N/A Immediately EDGA Exchange Amends fees and rebates for orders routed to BYX Exchange $0.0005 per share rebate using ROUC, ROUE, ROBY, ROBB or ROCCO; $0.0007 per share fee if adding liquidity $0.0002 per share rebate using ROUC, ROUE, ROBY, ROBB or ROCCO; $0.0005 per share fee if adding liquidity May 01 DISCLAIMER: Most fee changes are effective upon filing. WSL notes fee highlights here, but additional changes may be made post publication. Please visit exchange websites for the latest fee changes. FOR FURTHER CHANGES AT EXCHANGES, visit www.wallstreetletter.com