Search Results for keywords:"Nasdaq-100 Micro Index Options"

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Search Results: keywords:"Nasdaq-100 Micro Index Options"

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  • 2021-03949 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To Permit the Listing and Trading of Options Based on 1/100th the Value of the Nasdaq-100 Index®
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    Type:Notice
    Citation:86 FR 11807
    Reading Time:about 34 minutes

    The Securities and Exchange Commission (SEC) announced that Nasdaq PHLX LLC has proposed a new rule to allow the listing and trading of options based on 1/100th of the Nasdaq-100 Index, known as Nasdaq 100 Micro Index Options (XND). These micro options are designed to offer more affordable opportunities for retail investors interested in trading options on the Nasdaq-100 Index. Similar to existing options, XND options will be European-style and cash-settled, but will require less capital, making them more accessible. The SEC is soliciting public comments on this proposed rule change before making a final decision.

    Simple Explanation

    Nasdaq wants to make a new kind of option for people to buy and sell, which is like a tiny piece of their big Nasdaq-100 list of companies, so more people can join in without needing as much money. The people in charge are asking everyone to share their thoughts on this idea before they decide if it's okay.

  • 2024-31457 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Withdrawal of Proposed Rule Change To Amend Options 3, Section 13 Related to XND
    Type:Notice
    Citation:90 FR 124
    Reading Time:about a minute or two

    Nasdaq PHLX LLC (Phlx) filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow orders from market makers to be solicited for PIXL auctions in Nasdaq-100 Micro Index (XND) Options. This proposal was initially published for public comment on November 6, 2024, but the SEC received no comments. On December 20, 2024, Phlx decided to withdraw this proposed rule change. The notice of withdrawal was issued by the SEC's Division of Trading and Markets, with Secretary Vanessa A. Countryman providing the notice under delegated authority.

    Simple Explanation

    Nasdaq wanted to change some rules about how special trades called "PIXL auctions" work for a kind of stock options, but they decided not to change the rules after all because nobody had anything to say about it.

  • 2024-30348 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 3, Section 13 Related to XND
    Type:Notice
    Citation:89 FR 104253
    Reading Time:about 2 minutes

    Nasdaq PHLX LLC proposed a rule change to allow market makers to participate in Price Improvement XL auctions for Nasdaq-100 Micro Index Options. The Securities and Exchange Commission (SEC) initially had 45 days to approve, disapprove, or begin proceedings on this rule change, ending on December 21, 2024. However, the SEC extended this period to ensure they have enough time to consider the proposal thoroughly. The new deadline for a decision is February 4, 2025.

    Simple Explanation

    Nasdaq wants to change some rules so special people can help decide prices for tiny parts of a big stock group. The people who check if this is okay need more time, so they have until February 4, 2025, to decide.