RSS Feeds
Product LoginWednesday, April 1, 2026
Options Regulatory Alert #2026 - 23
Amendment to Professional Designation
Category:
Markets Impacted:Contact Information:
Resources:
Rule Filings: |
Nasdaq Phlx (Phlx), The Nasdaq Options Market (NOM), Nasdaq Texas (NTX Options), Nasdaq ISE (ISE), Nasdaq GEMX (GEMX), and Nasdaq MRX (MRX) filed an immediately effective rule proposal to shorten the quarterly review and designation of Professional orders.
Today, orders for any customer that average more than 390 orders per day during any month of a calendar quarter must be represented as Professional orders for the next calendar quarter. Members are required to review their customers’ activity and, on at least a quarterly basis, designate orders that average more than 390 orders per day during any month of a calendar quarter as Professional orders.
Commencing July 1, 2026, orders for any customer that had an average of more than 390 orders per day during any calendar month must be represented as Professional orders for the next calendar month. |
|---|---|
Please follow Nasdaq on 
Facebook 
RSS and
Twitter.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
