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Product LoginFriday, December 21, 2018
Options Trader Alert #2018 - 47
PHLX Decommissions Professional Customer AON Orders
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Pending SEC approval, Nasdaq PHLX anticipates removing support of Professional Customer AON Orders in early 2019. A Professional Customer is defined, pursuant to PHLX Rule 1000(b), as any person or entity that (i) is not a broker or dealer in securities, and (ii) places more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s). AON Orders will continue to be supported for Public Customer. The effective date of this change will be announced at a future date. |
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