NASDAQ OMX BX (BX)

NASDAQ OMX Group

NASDAQ OMX BX Options (BX Options)

BX Options is geared towards retail order flow. Similar to the NASDAQ Options Market (NOM) and NASDAQ OMX PHLX (PHLX), market makers are the principal liquidity providers supporting BX Options.

BX Options is the third of three options markets to operate on a common technology platform. The common architecture is shared by NOM and PHLX.

At its launch in 2012, BX Options products traded only on price/time priority. But BX Options was designed to support a hybrid model combining multiple allocation methods and priority models; currently the other supported model is a pro rata execution allocation with customer priority.

Detailed information regarding fees and rebates assessed for trades on the BX Options Market are available on the NASDAQ OMX website. BX trades clear on the Regional Trade Interface Operations (RIO) contract sheet. This trade capture and reporting service offered by the National Securities Clearing Corporation (NSCC) and available to all qualified NSCC members, provides for the processing of domestic equity and corporate bond transactions from the regional markets as well as exercise and assigned options and expired single stock futures from the Options Clearing Corporation (OCC).