Increase Adding by 30% vs Oct 2021 or Nov 2021 TCVįirm 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 C securities.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.Note Cannot be combined with $0.00015 Tier directly above this credit.
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.