Optiver US, LLC has agreed to pay a fine of $35,000 as a part of a settlement with the Nasdaq BX Enforcement Department.

During the period October 28, 2022 through December 14, 2022 (the “Quoting Review Period”), Optiver violated BX Rule Options 2, Section 4(j)(I) by failing to provide two- sided quotations for at least 90% of the cumulative number of seconds for which its assigned options series were open for trading.

During the period of at least September 6, 2022 through May 11, 2023 (the “Supervisory Review Period”), Optiver also violated BX Rules General 9, Sections 20(a) and I (a) and Options 9, Sections 2(a) and (b)(I) by failing to establish and maintain a supervisory process, including written supervisory procedures, reasonably designed to achieve compliance with BX’s continuous quoting rules.

In addition to the fine, the firm has agreed to a censure.

Optiver became a BX and BX Options member on June 9, 2021, and its registration remains in effect. Optiver’s business includes market making on BX Options, and at all times relevant to this matter, Optiver was a Lead Market Maker (“LMM”) on BX Options. Optiver has no relevant disciplinary history.