Market regulation · 22/07/2014

NASDAQ OMX PHLX LLC Disapproves Proposed Rule Change for Options Rebate Program

The NASDAQ OMX PHLX LLC has submitted an order disapproving a proposed rule change that would offer a rebate to its members based on their aggregate customer volume in multiply-listed options traded on the exchange or its affiliated options exchanges. The proposed rule change aims to incentivize members to trade more options on the exchange.