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BOX Exchange LLC (“BOX”), recently distributed Notice 2023-172 detailing modified bid-ask differentials for certain option classes effective through September 15, 2023.
Update: Effective July 27, 2023, the maximum valid bid/ask differential for Market Makers in symbols “FDS” and “SPGI” will be $20 for all series.
Please Note: Requests for bid-ask relief on a class by class basis should be directed to BOX MRC. Requests must include an explanation as to why bid-ask relief is needed. If a particular option class was granted bid-ask relief through an expiration period and the relief is greater than the below bid-ask differentials, the relief granted will continue through the expiration period.
A complete list of symbols with modified bid-ask differentials can be found here.
