25 Aug 2025
📈Proposed Rule Change for Nasdaq PHLX on Customer Rebates and Strategy Caps
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Options 7, Sections 2 and 4
Summary
Nasdaq PHLX announces a proposed rule change to amend the Customer Rebate Program's tier thresholds and strategy caps. The adjustments aim to incentivize increased Customer volume and minimize transaction costs for members involved in options trading, aiming to enhance overall trading activity on the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content describes a proposed rule change regarding Customer Rebate Programs and Strategy Caps by the Nasdaq PHLX LLC. This affects trading costs for members and could incentivize business volume growth, impacting financial transactions and operational compliance for firms involved in options trading.