7 Feb 2025
📈Nasdaq BX Proposes Amendment to Options Trading Rules
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 3, Section 13 Concerning PRISM and Options 3, Section 15(b)(1) Concerning the Risk Protection Acceptable Trade Range
Summary
Nasdaq BX, Inc. has filed a proposed rule change regarding options trading, focusing on amendments to the treatment of responses in the Price Improvement Auction (PRISM) and clarifications on risk protection measures. The proposal is designated for immediate effectiveness, inviting public comments and compliance considerations from stakeholders.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq BX, Inc. affects options trading mechanisms, specifically the Price Improvement Auction (PRISM) and risk protection measures. This could influence trading practices and compliance requirements for businesses involved in options trading. Business owners must monitor these updates to ensure regulatory compliance and adapt their trading strategies accordingly.