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Product LoginFriday, May 4, 2018
Options Regulatory Alert #2018 - 12
PHLX Rule Change to Permit Cabinet Trades in FLEX Options
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Effective Thursday, May 3, 2018, Nasdaq PHLX (PHLX) has amended PHLX Rule 1079, relating to FLEX Options, and PHLX Rule 1059, relating to accommodation transactions. Pursuant to updated Rules 1059 and 1079, FLEX positions may be closed in accordance with the cabinet trading procedures set forth in Rule 1059, at the minimum increments specified therein. Please contact Nasdaq On-Floor Surveillance with any questions regarding this Rule change.
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