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NASDAQ OMX Introduces BX Options Market

May 8, 2012
[ By Howard Haykin ] NASDAQ OMX is launching a new options market, Nasdaq BX Options, in late June 2012, pending SEC approval.  The same interfaces available on Nasdaq OMX Phlx and Nasdaq Options Market (NOM) will be available for BX Options. According to the announcement ... "BX Options will offer an innovative approach through functionality and pricing to attract a rich participant mix.  The new market will launch with a price/time priority execution algorithm.  After launch, BX Options will integrate additional functionality such as pro rata allocation with customer priority and directed participation in certain products.  These enhancements will require additional SEC filings and approvals prior to implementation." For further details, go to:  [Nasdaq Options Trader Alert 12 - 31, 5/4/12].