NEW YORK CITY (dpa-AFX) - Nasdaq OMX Group Inc. (NDAQ) announced that it will launch Nasdaq OMX BX Options in June 2012, pending SEC approval.
The company said that BX Options will reward retail customers who wish to access liquidity and provide market makers with additional opportunities to provide liquidity, initially with a price/time trading system.
The company added that BX Options will complement the exchange group's established U.S. options venues with unique enhancements that include a hybrid allocation model, directed order flow for market participants and a new multi-faceted price improvement auction.
Nasdaq OMX noted that it will utilize the options trading license from its 2007 acquisition of the former Boston Stock Exchange to launch BX Options
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