rulebook-banner
Nasdaq Regulation Banner
rulebook-rules-menu
BSECC  | BX  | GEMX  | ISE  | MRX  | Nasdaq  | NFX  | PHLX  | SCCP   
Rulebook - The Nasdaq Stock Market
Print | Copy Link
Home > The Nasdaq Stock Market >
Options 6C Margins
Section 1. General Rule

No Participant or associated person may effect a transaction or carry an account for a Customer, whether a Participant or non-Participant of NOM, without proper and adequate margin in accordance with this section and Regulation T.

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 2. Time Margin Must be Obtained

The amount of margin required by this Options 6C shall be obtained as promptly as possible and in any event within a reasonable time.

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 3. Margin Requirements

(a) A Participant or associated person must be bound by the initial and maintenance margin requirements of either the Chicago Board Options Exchange ("CBOE") or the New York Stock Exchange ("NYSE") as the same may be in effect from time to time.

(b) Such election shall be made in writing by a notice filed with Nasdaq Regulation.

(c) Upon the filing of such election, a Participant or associated person shall be bound to comply with the margin rules of the CBOE or the NYSE, as applicable, as though said rules were part of these Rules.

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 4. Reserved

 

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 5. Margin Required is Minimum

(a) The amount of margin prescribed by these Rules is the minimum which must be required initially and subsequently maintained with respect to each account affected thereby: but nothing in these Rules shall be construed to prevent a Participant or associated person from requiring margin in an amount greater than that specified.

(b) NOM may at any time impose higher margin requirements with respect to such positions when it deems such higher margin requirements to be advisable.

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 6. Reserved

 

Adopted Dec. 6, 2019 (SR-NASDAQ-2019-098).

Section 7. Reserved

 

Adopted Jan. 29, 2020 (SR-NASDAQ-2020-006).

 
home_footer_links
Copyright_statement
App Store       Google Play       Listing Center Content RSS Feed
The Nasdaq Stock Market, Nasdaq, The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market, ExACT and Exchange Analysis and Compliance Tracking system are trademarks of Nasdaq, Inc.
FINRA® and Financial Industry Regulatory Authority, Inc.® are registered trademarks of Financial Industry Regulatory Authority, Inc. OTCBBTM and OTC Bulletin BoardTM are trademarks of FINRA