Welcome to NASDAQtrader.com for Options and Futures
Search:
   

Tuesday, April 23, 2019

Options Trader Alert #2019 - 14
Nasdaq PHLX Directed Market Makers

 

Category:

  • Exchange Announcement

Markets Impacted:

Contact Information:

Resources:

Nasdaq PHLX (“Phlx”) is clarifying its existing procedures for Directed Streaming Quote Traders (“Directed SQTs”) and Directed Remote Streaming Quote Traders (“Directed RSQTs”) (together, “Directed Market Makers”).

For purposes of the electronic quoting requirements in Phlx Rule 1081(c)(ii)(C), a member organization is considered directed in all assigned options once the member organization receives a Directed Order in any option in which they are assigned, and is considered a Directed SQT or Directed RSQT until such time as the member organization notifies Phlx that they are no longer directed.

In SR-Phlx-2018-22, Phlx indicated that member organizations must contact Phlx’s Operations desk to provide notice that they are no longer directed. As of April 23, 2019, a member organization that desires not to be considered a Directed SQT or Directed RSQT must contact the Phlx Membership Department.

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile