Federal Register #SR-NASDAQ-2026-045

SEC Notice: Nasdaq Rule Change on Options Position and Exercise Limits

This notice concerns a proposed rule change by The Nasdaq Stock Market LLC, published by the Securities and Exchange Commission (SEC): - Government buyer/regulator: Securities and Exchange Commission (SEC) - OEMs/Entities mentioned: - The Nasdaq Stock Market LLC - Cboe Exchange, Inc. (formerly Chicago Board Options Exchange) - Purpose of the rule change: - Amend position and exercise limit rules for options trading - Remove unnecessary rule text related to SPDR S&P 500 ETF Trust (SPY) options, while keeping current limits unchanged - Update the name of the Chicago Board Options Exchange to Cboe Exchange, Inc. - Notable requirements: - The amendments are technical and non-substantive - No changes to actual position or exercise limits - No procurement of products or services; this is a regulatory update - No products, services, or contract value are involved in this notice - Place of performance/oversight: Securities and Exchange Commission (federal office)

Description

The Nasdaq Stock Market LLC filed a proposed rule change with the Securities and Exchange Commission to amend its position and exercise limit rules. The amendments include removing specific rule text regarding position and exercise limits for SPDR S&P 500 ETF Trust (SPY) options, which are deemed unnecessary as the limits remain unchanged. Additionally, a non-substantive update to the name of the Chicago Board Options Exchange to Cboe Exchange, Inc. is proposed. The rule change is effective immediately upon filing and aims to maintain alignment with other options exchanges' rules.

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