2025-00173Notice

Stock Exchange Discovers Dictionary, Updates Word Definitions

Published Date: 1/8/2025

Notice

Summary

Nasdaq PHLX is updating how it defines “class” and “series” for options to match the terms used by its sister exchanges. This change affects traders and firms using Nasdaq PHLX and takes effect immediately, making things clearer and smoother without any new fees. The SEC is open to comments for the next 60 days but won’t delay the update unless there’s a big problem.

Analyzed Economic Effects

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

Options Definitions Harmonized Immediately

If you trade or operate a firm on Nasdaq PHLX, the exchange changed the definitions of the terms "class" and "series" for options to match its affiliated exchanges. The change was filed on December 20, 2024 and was made effective immediately, and the Exchange said there are no new fees for this update.

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Key Dates

Effective Date
Published Date
12/20/2024
1/8/2025

Department and Agencies

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