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Product LoginMonday, November 30, 2020
Options Trader Alert #2020 - 33
Update: Nasdaq PHLX To Initiate Business Continuity Plan and Operate Fully Electronic
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Effective Wednesday, November 25, 2020, Nasdaq PHLX (Phlx) will temporarily suspend open outcry trading on the Phlx Trading Floor and operate fully electronic as a precautionary measure related to COVID-19. Open outcry trading will resume on Tuesday, December 1, 2020. Pursuant to Options 8, Section 32, Phlx has determined to make all order types unavailable at this time with the exception of Section 32(e) Floor Qualified Contingent Cross Orders. Additionally, Floor Brokers may also continue to place orders on the limit order book electronically through the FBMS pursuant to Options 8, Section 28(g). Floor Brokers will not be permitted to transact other order types within Options 3, Section 32 through FBMS or any other means. Please contact Market Operations with any questions. |
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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.
