Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Definitions of “Class” and “Series” To Harmonize Terms With Affiliated Exchanges
Published Date: 1/8/2025
Notice
Summary
The Nasdaq Stock Market is updating how it defines “class” and “series” to match the terms used by its sister exchanges. This change affects traders and investors by making things clearer and more consistent across markets. The update took effect immediately on December 20, 2024, with no extra costs involved.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Options Definitions Harmonized Across Exchanges
The Nasdaq options rulebook amended the definitions of “class” and “series” to match terms used by affiliated exchanges. This change took effect immediately on December 20, 2024, and is described as making things clearer and more consistent for traders and investors, with no extra costs involved.
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