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OCC and The NASDAQ OMX Group, Inc. announced today that NASDAQ OMX BX OptionsSM has become an OCC participant exchange. NASDAQ OMX BX Options SM began operations today, Friday, June 29.
The addition of NASDAQ OMX BX OptionsSM to the NASDAQ OMX exchange suite now brings the total number of options markets in the U.S. to ten.
“Our new platform will be a home for retail order flow that is transparent and it will compliment PHLX and NOM, giving our customers a complete liquidity destination for options trading,” said Tom Wittman, Head of U.S. Options at NASDAQ OMX.
He added, “We will continue to strengthen our competitive offering for U.S. options so investors have more choices, more opportunities and more possibilities.”
“It is a great pleasure to welcome NASDAQ OMX BX Options as the newest options market,” said Wayne P. Luthringshausen, OCC Chairman and CEO. “As a participant exchange, NASDAQ OMX BX Options will experience the sound clearing and settlement services afforded to all of our exchanges.”
OCC operates under the jurisdiction of the SEC and the Commodity Futures Trading Commission, and clears and guarantees the trades executed on all U.S. options exchanges. As a result of NASDAQ OMX BX, Inc.’s affiliation with OCC, the standardized options contracts traded on NASDAQ OMX BX, Inc. can be offset against the same options contracts traded on the other U.S. options markets, resulting in significant efficiencies for participating member firms.
