Federal Register #SR-ISE-2026-22

SEC Review of Nasdaq ISE Proposal for Expanded NDX Options Expirations

This notice concerns a proposed regulatory change by the Securities and Exchange Commission (SEC) regarding options trading on the Nasdaq-100 Index: - Government buyer: Securities and Exchange Commission (SEC) - Vendor/Exchange: Nasdaq ISE, LLC - Proposal details: - Seeks to allow listing of A.M.-settled options on the Nasdaq-100 Index (NDX) with expirations on any Monday, Tuesday, Wednesday, Thursday, or Friday (excluding the third Friday of the month and days coinciding with end-of-month expirations), as well as on the last trading day of the month - No physical products or purchase quantities are involved; this is a regulatory action - Intended to expand trading and risk management tools for investors - Includes assurances of sufficient system capacity, surveillance, and investor protection measures - Notable requirements: - The exchange must maintain safeguards to prevent manipulative behavior and ensure market integrity - The rule change is subject to SEC review and approval

Description

Nasdaq ISE, LLC has filed a proposed rule change with the Securities and Exchange Commission to permit the listing of A.M.-settled options on the Nasdaq-100 Index. These options would expire on any Monday, Tuesday, Wednesday, Thursday, or Friday except the third Friday of the month or days coinciding with an end-of-month expiration, as well as on the last trading day of the month. The proposal aims to expand trading opportunities and provide investors with additional tools to manage risk and investment objectives. The Exchange believes it has the necessary system capacity and safeguards to support this listing without adverse market impact.

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