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Monday, April 02, 2018

Options Regulatory Alert #2018 - 10
PHLX Designates NDX and NDXP Options as Eligible for "Tied Hedge" Transactions


  • Regulatory

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In accordance with PHLX Rule 1064(d)(iii)(C)(1), Anticipatory Hedging, Nasdaq PHLX shall designate options classes which are designated as eligible for “tied hedge” transactions. All designated options classes must remain within the eligibility size parameters as determined by PHLX and may not be smaller than 500 contracts per order.

At this time, PHLX is designating NDX and NDXP as eligible classes for “tied hedge” transactions. On-Floor Transactions in Options symbols NDX and NDXP may be hedged with the PowerShares QQQ Exchange-Traded Fund Shares (QQQ), which is considered a “related instrument” for hedging positions of at least 500 contracts in NDX and NDXP. All “tied hedge” transactions must meet the requirements of PHLX Rule 1064(d)(iii).

Please reach out to Nasdaq On-Floor Surveillance at +1 215 496 5295 with any questions.

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