The Nasdaq Stock Market has proposed a rule change to clarify their credit system for stock trades. The change aims to make sure traders understand they cannot combine certain types of credits and discounts, specifically the M-ELO Supplemental Credit B with either M-ELO Supplemental Credit A or the QMM Tier 2 Program discount. This update doesn't change how the fee system works; rather, it clearly explains the rules to avoid confusion. The proposal is intended to ensure fairness and transparency among market participants.
Simple Explanation
The Nasdaq Stock Market wants to make sure everyone knows that you can't mix certain credits when trading stocks, just like you can't put two different coupons together at the store. They are telling people this so there's no mix-up and everyone plays fair.