NASDAQ Options Market
From MarketsWiki
| This page is not complete! |
| Do you have knowledge to contribute on this or other subjects?
Help the wiki grow -- add what you know. |
| NASDAQ Options Market | |
| Founded | Scheduled to begin Mar. 31, 2008 |
|---|---|
| Headquarters | New York, NY USA |
| Products | Equity, ETF and index options. |
| Web site | www.nasdaqtrader.com |
| This page is sponsored by... |
 |
The NASDAQ Options Market, NASDAQ OMX Group's (Nasdaq:NDAQ) electronic options trading market, is one of seven current U.S. options exchanges. After an announced delay in December, the exchange received rule approval from the Securities and Exchange Commission in mid-March 2008. [1][2]
The NASDAQ Options Market system will offer immediate and automatic price improvement to orders, provide a routing service for orders when trading interest is not present on the NASDAQ Options Market, and link with and comply with the obligations of the Option Intermarket Linkage Plan.
According to the NASDAQ, the move to decimalization will shift the competitive landscape toward market platforms that are equipped to handle extremely high volume with an equally high level of efficiency.[3]The NASDAQ has said its options market would leverage the NASDAQ equities trading system that it acquired through the INET acquisition.[4]
Market participants will include options order-entry firms (OEFs) that will represent customer orders as agent on the NASDAQ Options Market and non-market maker participants conducting proprietary trading as principal. There will be no restriction on an OEF’s ability to enter orders on both sides of the market.
Options market makers are options participants registered with the exchange as options market makers and registered with the NASDAQ options market in an options series listed on the NASDAQ Options Market. To become an options market maker, an options participant is required to register by filing a written application. Such registration will consist of at least one series and may include all series traded on the exchange. The NASDAQ Options Market will not place any limit on the number of entities that may become options market makers.[5]
Contents |
History
Products and Services
Key People
Also See
References
- ↑ "NASDAQ Options Market Receives SEC Approval ”. Nasdaq. Retrieved on March 22, 2008.
- ↑ Press Release: NASDAQ Options Market Launch To Be Rescheduled. Nasdaq. Retrieved on February 4, 2008.
- ↑ Press Release:NASDAQ Announces It Will Create An Options Market. Nasdaq. Retrieved on February 4, 2008.
- ↑ Press Release: NASDAQ Press Release: NASDAQ's INET Acquisition Clears DOJ. Nasdaq. Retrieved on February 4, 2008.
- ↑ NASDAQ Options Market. Nasdaq. Retrieved on February 4, 2008.
