Federal Register #SR-Phlx-2026-34

Notice of Proposed Rule Change by Nasdaq PHLX LLC to Amend Options Pricing Schedule

This notice concerns a proposed rule change by Nasdaq PHLX LLC, published by the Securities and Exchange Commission (SEC), regarding amendments to the options pricing schedule. - Government buyer: - Securities and Exchange Commission (SEC) as the regulatory authority - Nasdaq PHLX LLC as the entity proposing the rule change - OEMs and vendors: - Nasdaq PHLX LLC - Products/services requested: - No products or services are being procured; the notice pertains to regulatory amendments - Notable requirements and details: - Amendments to Customer Rebate Program tier qualifications - Changes to surcharge structure for Nasdaq-100 Index (NDX) options and P.M.-Settled NDX Options (NDXP), including tiered surcharges based on premium price for non-customer orders - Deletion of text related to migration in Port Fees - Updates to port fee provisions - The notice impacts the pricing and fee structure for options trading on the Nasdaq PHLX exchange, with no procurement of goods or services involved.

Description

This notice announces a proposed rule change filed by Nasdaq PHLX LLC with the Securities and Exchange Commission (SEC) to amend its Pricing Schedule at Options 7, Sections 2, 5, and 9B. The amendments include modifications to the Customer Rebate Program tier qualifications, changes to the surcharge applicable to Nasdaq-100 Index (NDX) options and P.M.-Settled NDX Options (NDXP), and deletion of text related to a migration in Port Fees. The proposed changes aim to adjust rebate tiers, implement a tiered surcharge based on premium price for certain orders, and update port fee provisions accordingly.

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