Welcome to NASDAQtrader.com for Options and Futures
Search:
   

Friday, April 21, 2017

Options Regulatory Alert #2017 - 17
ISE Bid/Ask Differentials for "NDX" and "PCLN" Option Classes through May 20, 2017

Category:

  • Regulatory

Markets Impacted:

  • ISE
  • ISE Gemini
  • ISE Mercury

Contact Information:

Resources:

The below market maker quote width requirements for options overlying NDX on ISE and ISE Gemini and for options overlying PCLN on ISE, ISE Gemini and ISE Mercury will be effective through May 20, 2017. The Exchange may, in its discretion, amend the bid/ask differentials by providing notice to members.

The bid/ask differentials for "NDX" and "PCLN" option classes electronic quotes are as follows:

  • If the bid is under $20, the bid/ask spread may be up to $5 wide.
  • If the bid is from $20 to $39.90, the bid/ask spread may be up to $6 wide.
  • If the bid is from $40 to $79.90, the bid/ask spread may be up to $12 wide.
  • If the bid is from $80 to $199.90, the bid/ask spread may be up to $18 wide.
  • If the bid is from $200 or greater, the bid/ask spread may be up to $22 wide.

The ISE, ISE Gemini and ISE Mercury bid/ask differentials for “NDX" and "PCLN" option classes electronic opening are as follows:

  • If the bid is under $2, the bid/ask spread may be up to $0.75 wide.
  • If the bid is from $2 to $4.90, the bid/ask spread may be up to $1 wide.
  • If the bid is from $5 to $9.90, the bid/ask spread may be up to $1.50 wide.
  • If the bid is from $10 to $19.90, the bid/ask spread may be up to $3 wide.
  • If the bid is from $20 to $39.90, the bid/ask spread may be up to $6 wide.
  • If the bid is from $40 to $79.90, the bid/ask spread may be up to $12 wide.
  • If the bid is from $80 to $199.90, the bid/ask spread may be up to $18 wide.
  • If the bid is from $200 or greater, the bid/ask spread may be up to $22 wide.

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile