NYSE Options Trading Halt Triggers Self-Help Across Rival…
By Abdelaziz Fathi
AI summary of the source article
NYSE American Options halted trading in select securities on Friday following a technical issue. In response, Nasdaq's six options exchanges declared self-help at 10:27 a.m. Eastern Time, allowing them to temporarily bypass protected quotations from the venue.
Why it matters
The text notes that "The episode nevertheless shows how quickly a technical failure at one venue can alter quote protection and routing across the interconnected U.S. options market."
Key facts
- NYSE American Options halted trading in some options securities on Friday after a technical issue.
- Nasdaq's six options exchanges declared self-help against NYSE American Options at 10:27 a.m. Eastern Time.
- The disruption took place four days after NYSE American launched extended trading hours for options on 29 stocks and ETFs.
Source excerpt · FinanceFeeds
NYSE American Options halted trading in some options securities on Friday after a technical issue, prompting competing exchanges to disregard quotations from the venue as the disruption affected one of the larger markets for U.S. equity options. Nasdaq said its six options exchanges declared self-help against NYSE American Options at 10:27 a.m. Eastern Time. The mechanism allows an exchange to byp…