2 Apr 2025
💰Nasdaq PHLX Proposes Rule Changes Affecting Options Fees
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Phlx Options 7, Section 4
Summary
The Nasdaq PHLX has filed a proposed rule change to amend its Pricing Schedule related to Multiply Listed Options Fees and clarify the structure of Floor Qualified Contingent Cross Rebates, highlighting how these rebates are paid to Floor Brokers and their potential impact on trading dynamics within the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change outlines amendments to the Nasdaq PHLX’s pricing schedule for Multiply Listed Options Fees and introduces QCC Rebates for Floor Brokers. This could affect trading costs and strategies for broker-dealers and trading firms, potentially altering competition in the options market.