Nasdaq has set plans in motion to launch an equity and index
options market, to be known as Nasdaq Options Market. Pending
regulatory approval, the exchange said it hoped to open the
fully automated options marketplace by the third quarter of
"The options market is on the verge of a transformative
change, driven by SEC [Securities and Exchange Commission]'s
call for quotes in increments of pennies versus nickels," said
Chris Concannon, executive vice president of Nasdaq Stock
"The move to decimalisation will shift the competitive
landscape towards market platforms that are equipped to handle
extremely high volume with an equally high level of
efficiency," he added.
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