The Nasdaq Stock Market LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update the definitions of “class” and “series” in its Nasdaq Options Market LLC rules. This change is intended to align these terms with those used by affiliated exchanges. The proposal was filed on December 20, 2024, and has been designated for immediate effectiveness. The public is invited to submit comments on this proposal, which can be done electronically or by paper, until January 29, 2025.
Simple Explanation
The Nasdaq Stock Market wants to make a small change to some words they use in their rules so that they match with other similar stock exchanges. They're asking people to share what they think about this change by January 29, 2025.