The Traderszone Network

Published in TZ Latest News 29 September, 2017 by The TZ Newswire Staff

Options Regulatory Alert #2017 – 51

New Obvious Error Metric

Effective Monday, October 2, 2017, Nasdaq will begin using a new Theoretical Price Calculator Tool (“TP Tool”) for determining a theoretical price for obvious and catastrophic errors pursuant to NASDAQ Phlx Rule 1092, The NASDAQ Options Market Rule at Chapter V, Section 6, NASDAQ BX Rule at Chapter V, Section 6, Nasdaq, ISE Rule 720, Nasdaq GEMX Rule 720 and Nasdaq MRX Rule 720.

Nasdaq has chosen LiveVol Pro Market Data vendor TP Tool as the primary source to…

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