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Tuesday, December 03, 2019

Options Regulatory Alert #2019 - 27
Nasdaq PHLX Deletes Rule Pertaining to Maximum Number of Quoters

Category:

  • Regulatory

Markets Impacted:

Contact Information:

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Effective immediately, Nasdaq PHLX (Phlx) will remove the limitation on the maximum number of quoters that can be assigned in an option series.

All new applicants for trading privileges will be subject to the process for assignment described in Rule 507. Phlx considers all applicants for assignment in options using the objective criteria set forth in Exchange Rule 507(b).

If you have any questions please reach out to Market Operations at 1 215 496 1571 or via email at optionshelpdesk@nasdaq.com.


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