Effective Monday, August 1, 2016, the following changes will apply to Nasdaq PHLX (PHLX), The Nasdaq Options Market (NOM) and Nasdaq BX Options (BX Options), respectively.

Affiliated Entities

PHLX members and NOM and BX Options Participants will now be permitted to designate an Appointed Market Maker (“Appointed MM”) and an Appointed Order Flow Provider (“Appointed OFP”) in order to form an Affiliated Entity to aggregate executed volumes and qualify for certain pricing rebates and discounts, provided they are not under Common Ownership.

• Appointed MMs and Appointed OFPs are required to send an email to the Exchange to appoint their counterpart, at least 3 business days prior to the last day of the month to qualify for the next month.
• The Exchange will acknowledge receipt of the emails and specify the date the Affiliated Entity may be eligible for applicable pricing. Each Affiliated Entity relationship will commence on the 1^st of a month and may not be terminated prior to the end of any month.
• An Affiliated Entity relationship will terminate after a one (1) year period, unless either party terminates earlier in writing by notifying the Exchange of their intent to terminate in the next month and sending an email to the Exchange at least 3 business days prior to the last day of the month to terminate in the next month.
• Affiliated Entity relationships must be renewed annually each market participant may qualify for one (1) Affiliated Entity relationship at any given time.

The Appointed Entity Form may be obtained here. Once completed, the form may be emailed as an attachment to Nasdaq Membership.