Nasdaq Options Rule 4

Key provisions:

• Options eligibility and listing standards: Establishes the criteria securities must meet before Nasdaq can list options on them, including requirements related to the underlying security, market characteristics, and investor protection.
• Series creation and maintenance: Governs the opening, addition, modification, and removal of options series, including strike prices, expiration dates, and other contract characteristics.
• Listing and delisting decisions: Sets standards for continuing eligibility, suspension, and delisting of options products when listing requirements are no longer satisfied.
• Options product administration: Covers procedures for introducing new options products and managing listed options to support orderly markets and efficient trading.
• Regulatory oversight: Helps ensure listed options remain suitable for trading, maintain adequate market quality, and promote fair, orderly, and transparent markets.