Market regulation · 14/12/2012

NASDAQ OMX PHLX LLC Proposes Rule Change to Enhance Options Trading Efficiency

NASDAQ OMX PHLX LLC has filed a proposal with the self-regulatory organizations to grant Nasdaq Options Services LLC (NOS) the authority to cancel options orders in the event of technical or system issues, and to establish an error account for NOS. The proposal aims to improve the efficiency and reliability of options trading on the exchange.