8 Jan 2025
đź“ŠSEC Notice on Nasdaq PHLX Rule Change Effective 2025
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Definitions of “Class” and “Series” To Harmonize Terms With Affiliated Exchanges
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq PHLX LLC to amend definitions related to "class" and "series" has compliance implications for business owners involved in options trading. These changes could affect how instruments are categorized, thereby impacting trading strategies and regulatory obligations.