Tuesday, June 26, 2012
Options Trader Alert #2012 - 41
BX Options Receives SEC Approval - Launching Friday, June 29, 2012
What you need to know:
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?
- Refer to OTA #31 and OTA #36
- Refer to the BX Options Page on the NASDAQ Trader® website.
- Refer to the BX Options FAQs.
- Refer to the BX Options Fact Sheet.
- Contact Transaction Services U.S. Market Sales at +1 800 846 0477.
About the NASDAQ OMX Group: The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.