Nasdaq Options Rule 6

Key provisions:

• Trading administration and market operations: Establishes the framework for administering Nasdaq’s options market, including trading procedures, regulatory authority, system operation, and market management functions.
• Market participant obligations: Sets requirements for market makers, broker-dealers, traders, and other participants regarding conduct, quoting, order handling, and compliance with exchange rules.
• Operational oversight and risk management: Provides procedures for addressing trading issues, system disruptions, obvious errors, trade adjustments, and other events that could affect market integrity or investor protection.
• Regulatory and disciplinary authority: Gives Nasdaq authority to oversee trading activity, investigate rule violations, enforce compliance, and maintain fair and orderly options markets.
• Business continuity and market integrity: Supports transparent, efficient, and resilient market operations through administrative controls and trading safeguards.