17 Mar 2025
📈MEMX Proposes Rule Change for $1 Strike Price Options Trading
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 19.5 (Series of Options Contracts Open for Trading) Relating to the $1 Strike Price Program
Summary
The Securities and Exchange Commission has published a notice regarding MEMX LLC's proposed rule change to amend Rule 19.5, aligning its $1 Strike Price Program with other national securities exchanges. This harmonization aims to reduce confusion in the options market, enhancing trading efficiency and compliance across exchanges. Comments from interested parties are invited.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 19.5 regarding the $1 Strike Price Program directly affects the trading landscape and compliance for businesses engaging in options trading. Aligning MEMX's rules with other exchanges may facilitate increased trading activity and participation, impacting business operations in financial services.