NASDAQ Furthers Options Interest (NDAQ, NYX)

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By Douglas A. McIntyre Updated Published
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The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has received approval from the SEC that will allow the exchange to launch its equity and index options market.  The new exchange will be called the NASDAQ Options Market.  The options exchange is NASDAQ OMX’s new electronic option trading offering that will be set up to operate on a price/time priority model.

The market is scheduled to begin operation on March 31, 2008.  NASDAQ is already buying the Philadelphia Stock Exchange, so this part here may be more of a formality than any major news.

But with the NYSE Euronext (NYSE: NYX) acquiring the American Stock Exchange, this is just one more shot in the war of exchanges.  The two exchanges are also soon to be warring in the SPAC IPO listings.

Jon C. Ogg
March 12, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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