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Friday, May 18, 2018

Options Regulatory Alert #2018 - 13
PHLX, NOM, BX, ISE, GEMX and MRX - Updated Quarterly Quote Spread Parameter Relief through June 15, 2018

Category:

  • Regulatory

Markets Impacted:

Contact Information:

Resources:

Effective May 21, 2018, the updated market maker quarterly quote width requirements on Nasdaq PHLX (PHLX), The Nasdaq Options Markets (NOM), Nasdaq BX (BX Options), Nasdaq ISE (ISE), Nasdaq GEMX (GEMX) and Nasdaq MRX (MRX) will be effective through June 15, 2018.

The exchanges may, in their discretion, amend the bid/ask differentials by providing notice to members.

The following option classes* will have double (2x) bid/ask differential opening Valid Width Quote parameter relief on the following Nasdaq options' exchanges:

PHLX

AZO**, AMZN, BIO**, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG**, TSLA and Y**

ISE

AZO**, AMZN, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

GEMX

AZO**, AMZN, BLK**, CHE**, CMG**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

MRX

AZO**, AMZN, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

The following option classes* will have $20.00 bid/ask differential intra-day quote width parameter relief on PHLX, NOM, BX, ISE, GEMX and MRX

PHLX

AZO**, AMZN, BIO**, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG**, TSLA and Y**

ISE

AZO**, AMZN, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG**and TSLA

GEMX

AZO**, AMZN, BLK**, CHE**, CMG**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

MRX

AZO**, AMZN, BLK**, CHE**, CHTR**, CMG**, CSG**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

NOM

AZO**, AMZN, BIO**, BLK**, CHE**, CHTR**, CMG**, CSGP**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, SIVB**, TDG** and TSLA

BX

AZO**, AMZN, BLK**, CHTR**, CMG**, EQIX**, GOOG, GOOGL, ICPT, ISRG, LMT**, NOC**, NTES, ORLY**, REGN**, ROP**, TDG** and TSLA

*Please note that an option series with an expiration of 9 months or greater does not have bid/ask differential requirements.

**Additions


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