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Friday, December 21, 2018

Options Regulatory Alert #2018 - 39
PHLX, NOM, BX, ISE, GEMX and MRX - Quarterly Quote Spread Parameter Relief through March 15, 2019

Category:

  • Regulatory

Markets Impacted:

Contact Information:

Resources:

The below market maker quarterly quote width requirements will be effective through March 15, 2019 on Nasdaq PHLX (PHLX), The Nasdaq Options Market (NOM), Nasdaq BX (BX Options), Nasdaq ISE (ISE), Nasdaq GEMX (GEMX) and Nasdaq MRX (MRX). The exchanges may, in their discretion, amend the bid/ask differentials by providing notice to members. Please note these requirements are the same requirements that have been in effect since September 24, 2018.

Please note there are no changes from the previous month bid/ask differentials.


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

PHLX AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY, TSLA and Y
ISE AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
GEMX AZO, AMZN, BLK, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
MRX AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA

The following option classes* will have $20.00 bid/ask differential intra-day quote width parameter relief on Nasdaq options exchanges:


PHLX AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY, TSLA and Y
ISE AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
GEMX AZO, AMZN, BLK, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
MRX AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
NOM AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
BX AZO, AMZN, BLK, CHTR, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, TDG, TLRY and TSLA

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


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