Equity Trader Alert #2009 - 16 NASDAQ OMX BX Introduces Rebate for Removing Liquidity Effective April 1, 2009 Markets Impacted: NASDAQ OMX BX Contact Information: Transaction Services U.S. Market Sales at +1 800 846 0477 What you need to know: Effective Wednesday, April 1, 2009, NASDAQ OMX BX (BX) will rebate firms for removing liquidity for Tape A and Tape C securities, upon filing with the SEC. New pricing reduces trading costs for liquidity takers and provides better order exposure to liquidity providers. One month ago, BX was trading 11 million shares per day. Now it is matching more than 40 million shares per day and growing. We encourage firms to route to BX to take advantage of the aggressive quoting at the NBBO.