Type:Notice
Citation:90 FR 1585
Reading Time:about 3 minutes
Nasdaq PHLX LLC has submitted a proposal to the Securities and Exchange Commission to amend certain definitions related to options trading. The proposed rule change involves updating the definitions of "class" and "series" to align with terms used by related exchanges. This proposal is filed for immediate effectiveness, and the Commission is seeking public comments on whether the change complies with securities laws. Comments can be submitted via the Commission's website or by email.
Simple Explanation
Nasdaq PHLX, which is a stock exchange, wants to change some words they use to describe groups of options to match what other similar exchanges say. They hope this change is accepted right away and are asking people to share their thoughts.