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Monday, October 01, 2018

Options Regulatory Alert #2018 - 30
Nasdaq PHLX Lowers Minimum Size for Anticipatory Hedging for NDX and NDXP


  • Regulatory

Markets Impacted:

Contact Information:


As of Monday, October 1, 2018, Nasdaq PHLX reduced the minimum size for anticipatory hedging in options symbols NDX and NDXP for “tied hedge” eligible transactions. The minimum size for On-Floor Transactions in Options symbols NDX and NDXP hedged with the PowerShares QQQ Exchange-Traded Fund Shares (QQQ) was lowered from 500 contracts to 50 contracts.

QQQ has been previously designated as an eligible "related instrument" for NDX and NDXP hedges per ORA # 2018-10

The minimum tied hedge size on options on the Nasdaq 100 Index will apply to those with standard as well as non-standard expiration dates. The tied hedge exception eligibility size for all other options orders will remain at 500 contracts per order.

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

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