U.S. Options Markets

NASDAQ OMX gives you options by offering a dual options market model through The NASDAQ Options Market^SM , which operates a price/time priority market, and the newly acquired NASDAQ OMX PHLX^SM (PHLX^®), which operates a directed order flow floor based market. In addition, NASDAQ OMX provides options customers with robust product portfolios, varied price offerings, cost efficiencies and the fastest platforms in the industry.

The NASDAQ Options Market

Built on the NASDAQ platform and operating as a price-time priority market, all interest is immediately and automatically executable. Orders entered into the system can have reserve interest associated with them. Displayable interest at a price level executes before reserve interest at that price level. 

NASDAQ OMX PHLX

As one of North America's primary marketplaces for the trading of stocks, equity options, index options and currency options, the PHLX continues to be a leader in the development and introduction of innovative new products and services. PHLX trades more than 7,000 stocks, more than 2,600 equity options, 18 index options, and U.S. dollar-settled options on major currencies.