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Friday, March 15, 2019

Options Regulatory Alert #2019 - 5
PHLX, NOM, BX, ISE, GEMX and MRX - Quarterly Quote Spread Parameter Relief through June 21, 2019

Category:

  • Regulatory

Markets Impacted:

Contact Information:

Resources:

Effective March 18, 2019, the market maker quarterly quote width requirements on Nasdaq PHLX (PHLX), The Nasdaq Options Market (NOM), Nasdaq BX (BX Options), Nasdaq ISE (ISE), Nasdaq GEMX (GEMX) and Nasdaq MRX (MRX) will be effective through June 21, 2019. The exchanges may, in their discretion, amend these requirements by providing notice to members.

Please note there are no changes from the previous month bid/ask differentials.


Opening: The following option classes* will have double (2x) bid/ask differential opening Valid Width Quote parameter relief on the following Nasdaq options exchanges:

PHLX AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY, TSLA and Y
ISE AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
GEMX AZO, AMZN, BLK, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
MRX AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA

Intra-day: The following option classes* will have $20.00 bid/ask differential intra-day quote width parameter relief on Nasdaq options’ exchanges:


PHLX AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, MTD, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY, TSLA and Y
ISE AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
GEMX AZO, AMZN, BLK, CHE, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
MRX AZO, AMZN, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
NOM AZO, AMZN, BIO, BLK, CHE, CHTR, CMG, CSGP, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, SIVB, TDG, TLRY and TSLA
BX AZO, AMZN, BLK, CHTR, CMG, EQIX, GOOG, GOOGL, ICPT, ISRG, LMT, MED, MELI, NOC, NTES, ORLY, REGN, ROP, TDG, TLRY and TSLA

*Please note that an option series with an expiration of 9 months or greater does not have bid/ask differential requirements.


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