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Friday, September 20, 2019

Options Regulatory Alert #2019 - 21
PHLX, NOM, BX, ISE, GEMX and MRX - Quarterly Quote Spread Parameter Relief through December 20, 2019

Category:

  • Regulatory

Markets Impacted:

Contact Information:

Resources:

Effective September 23, 2019, the market maker quarterly quote width requirements on Nasdaq PHLX (PHLX), The Nasdaq Options Market (NOM), Nasdaq BX (BX Options), Nasdaq ISE (ISE), Nasdaq GEMX (GEMX) and Nasdaq MRX (MRX) will be effective through December 20, 2019. The exchanges may, in their discretion, amend these requirements by providing notice to members.

Please note the added underlying option classes from the previous month bid/ask differentials


Opening: The following option classes* will have double (2x) bid/ask differential opening Valid Width Quote parameter relief on the following Nasdaq options exchanges:

PHLX ADSK, AZO, AMZN, BIO, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY, TSLA and Y
ISE ADSK, AZO, AMZN, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
GEMX ADSK, AZO, AMZN, BLK, BYND, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
MRX ADSK, AZO, AMZN, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA

Intra-day: The following option classes* will have $20.00 bid/ask differential intra-day quote width parameter relief on Nasdaq options’ exchanges:


PHLX ADSK, AZO, AMZN, BIO, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY, TSLA and Y
ISE ADSK, AZO, AMZN, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
GEMX ADSK, AZO, AMZN, BLK, BYND, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
MRX ADSK, AZO, AMZN, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
NOM ADSK, AZO, AMZN, BIO, BLK, BYND, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SHOP, SIVB, TDG, TLRY and TSLA
BX ADSK, AZO, AMZN, BLK, BYND, CHTR, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MDCO, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SHOP, TDG, TLRY and TSLA

*Please note that an option series with an expiration of 9 months or greater does not have bid/ask differential requirements.

*Please note that all other option classes which are not listed in this ORA will have an intra-day bid/ask differential of $5.00, excluding option series with an expiration 9 months or greater.

*Please use the below link for the Phlx, NOM, GEMX and MRX minimum quote size requirements: PHLX, NOM, GEMX and MRX Minimum Quote Size Requirements

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