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Tuesday, June 26, 2012

Options Trader Alert #2012 - 41
BX Options Receives SEC Approval - Launching Friday, June 29, 2012

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What you need to know:

  • NASDAQ OMX BX Options (BX Options) rules have been approved by the Securities and Exchange Commission (SEC).
  • BX Options will launch Friday, June 29, 2012.
  • BX Options will launch with five initial option products on June 29th: AA, C, INTC, MU, PCX.

What is changing?

BX Options rules have been approved by the SEC. BX Options will launch on Friday, June 29, 2012.

What are the transaction fees for BX Options?

Trading will be free on Friday June 29, 2012 - no transaction fees or rebates.

Starting July 2nd, Customers (participant type C) will always receive a rebate for removing liquidity: $0.12 per contract rebate in SPY, IWM, QQQ, and $0.32 per contract rebate in all other Penny Pilot options listed on BX Options. As a reminder, BX Options will not be listing non-Penny Pilot options at this time.

For more information on BX Options pricing, please review the BX Options pricing page.

What options will be listed upon BX Options launch?

BX Options will launch with listed options on five products: AA, C, INTC, MU, PCX.

What is the rollout plan for BX Options?

  • Friday, June 29: AA, C, INTC, MU, PCX
  • Tuesday, July 10: Approximately 50 additional Penny Pilot options*
  • Tuesday, July 17: Remaining Penny Pilot options (other than MNX)*

* The rollouts planned for July 10th and 17th are tentative. Additional information on the rollout will be provided at a later date.

Will BX Options list options (weeklies) set to expire on June 29th?

No, weekly options expiring June 29th will not be listed on BX Options.

Where can I find more information?

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