21 Apr 2025
📈Nasdaq PHLX Updates Complex Order Functionality for Traders
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Phlx's Complex Order Functionality
Summary
Nasdaq PHLX LLC proposes amendments to its complex order functionality to enhance trading efficiency and regulatory compliance. The changes align with existing systems at Nasdaq ISE and MRX, aiming for improved performance and scalability in complex options trading. This update includes rule modifications affecting legging orders, complex order strategies, and risk protections to better serve market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory document outlines changes in complex order functionality by Nasdaq PHLX LLC, which directly affects how businesses engage in trading options. The updates indicate compliance requirements and harmonization with other exchanges, which may require adaptations by businesses to align with new regulations.