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Friday, March 20, 2015

Options Regulatory Alert #2015 - 9
PHLX Bid/Ask Differentials for "NDX" and "PCLN" Option Classes through April 18, 2015

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  • Regulatory

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The below market maker quote width requirements for options overlying NDX and PCLN on PHLX will be effective through April 18, 2015 unless withdrawn by PHLX prior to that time.

The bid/ask differentials for "NDX" and "PCLN" option classes electronic quotes are as follows:

  • If the bid is under $20, the bid/ask spread may be up to $5 wide.
  • If the bid is from $20 to $39.90, the bid/ask spread may be up to $6 wide.
  • If the bid is from $40 to $79.90, the bid/ask spread may be up to $12 wide.
  • If the bid is from $80 to $199.90, the bid/ask spread may be up to $18 wide.
  • If the bid is from $200 or greater, the bid/ask spread may be up to $22 wide.

The bid/ask differentials for “NDX" and "PCLN" option classes electronic opening and open outcry quotes are as follows:

  • If the bid is under $2, the bid/ask spread may be up to $0.75 wide.
  • If the bid is from $2 to $4.90, the bid/ask spread may be up to $1 wide.
  • If the bid is from $5 to $9.90, the bid/ask spread may be up to $1.50 wide.
  • If the bid is from $10 to $19.90, the bid/ask spread may be up to $3 wide.
  • If the bid is from $20 to $39.90, the bid/ask spread may be up to $6 wide.
  • If the bid is from $40 to $79.90, the bid/ask spread may be up to $12 wide.
  • If the bid is from $80 to $199.90, the bid/ask spread may be up to $18 wide.
  • If the bid is from $200 or greater, the bid/ask spread may be up to $22 wide.
 
 
 
 
 
 
 
 

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