23 Sep 2025
📈New Options Trading Rules Approved by SEC for IEX
Self-Regulatory Organizations; Investors Exchange LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 3, To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
Summary
The SEC has approved Investors Exchange LLC's proposed rules for a new options trading system, IEX Options, which aims to create a fully automated trading environment. This includes measures such as an Options Risk Parameter to help protect market makers from excessive risks and an access delay for more accurate market insights.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory change introduces a new trading system for options, impacting compliance and operational standards for financial firms involved in derivatives trading. Market Makers and Options Members will need to adapt to the newly established rules, particularly the Options Risk Parameter (ORP) and the related access delay, which may influence their quoting behaviors and trading strategies.