27 Aug 2025
📈Nasdaq GEMX Proposes Amendments to Options Trading Regulations
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend GEMX Options 3, Sections 7 and 9
Summary
Nasdaq GEMX has filed a notice to amend its options trading rules concerning order types and protocols, specifically addressing terms like "Block Order" and "Facilitation Order." The amendments aim to enhance clarity and consistency in trading practices, including the management of orders during trading halts. The proposed changes align with regulatory standards to maintain fair trading conditions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts options trading protocols, which necessitates compliance from businesses involved in trading. Amendments clarify the treatment of orders during trading halts and standardize terminology, likely influencing trading strategies and practices for exchanges and members.