2025-03587Notice

Nasdaq PHLX Shuffles Options Rules for Clarity

Published Date: 3/6/2025

Notice

Summary

Nasdaq PHLX is making some housekeeping changes to its options trading rules by moving parts of the text around and updating references, but nothing big is changing in how trades happen. This update affects traders on the Nasdaq PHLX options floor and takes effect immediately with no extra costs or delays. The SEC is open to comments but sees no major impact on investors or competition.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Housekeeping changes to Options 8 rules

Nasdaq PHLX moved and reworded parts of Options 8, Section 22 and updated citations in Options 8, Section 30 without changing the substantive requirements. The change was filed on February 20, 2025 and was made operative immediately upon filing; the SEC says it does not significantly affect investor protection or competition.

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Key Dates

Effective Date
Published Date
2/20/2025
3/6/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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