Nasdaq launched Electronic FLEX Options on Nasdaq PHLX (PHLX) and Nasdaq ISE (ISE), providing options contracts tailored to meet the specific requirements of investors, enabling market participants to have greater flexibility in responding to shifting trading environments. The launch marks a significant milestone in our commitment to innovation and providing tailored solutions for today's investors.
This functionality is available through our trusted partners Citadel Securities, DASH Financial Technologies, IMC, Jane Street Options and Wolverine Execution Services, who have already certified their ability to create these instruments, ensuring that clients receive reliable and customized derivative products.
Nasdaq FLEX Options are option contracts that offer customized terms, including strike prices, expiration dates and exercise styles, providing greater flexibility beyond standard option contracts. Nasdaq PHLX (PHLX) and Nasdaq ISE (ISE) support trading FLEX Options through existing order entry protocols, trade drops and market data feeds.
Customizable Terms Supported for Electronic FLEX:
Choose between put or call options.
Options can be American-style or European-style.
You can specify any business day (to the exact day, month, and year) up to 15 years from the date the FLEX order is submitted.
FLEX Index Options can be A.M. or P.M.- settled, while standard FLEX Equity Options are P.M.- settled.
Set in increments as small as $0.01.
The net price of a stock-tied complex order may be specified up to four decimal places.
Choose between put or call options.
Options can be American-style or European-style.
You can specify any business day (to the exact day, month, and year) up to 15 years from the date the FLEX order is submitted.
FLEX Index Options can be A.M. or P.M.- settled, while standard FLEX Equity Options are P.M.- settled.
Set in increments as small as $0.01.
The net price of a stock-tied complex order may be specified up to four decimal places.
Supported Securities on Electronic FLEX:
Creation of a FLEX Instrument:
The launch of electronic FLEX Options underscores Nasdaq's ongoing commitment to innovation and adaptability in the options market. By merging the customizable nature of FLEX Options with the efficiency and transparency of electronic trading, Nasdaq empowers investors with the tools they need to navigate dynamic market conditions and achieve their trading objectives. This initiative not only reinforces Nasdaq's leadership in technological advancements but highlights our dedication to providing solutions that enhance market resilience, performance and liquidity.
We have received your request and will soon be in touch.