The NASDAQ Stock Market LLC (Nasdaq) filed with the Securities and Exchange Commission a proposed rule change to modify Chapter VII, Section 6 of the Nasdaq rules governing the requirements for market maker quotations on the NASDAQ Option Market (NOM). Because the proposed rule change was designated as a non-controversial rule change, it was deemed effective upon filing. The filing permits market makers to enter quotations for one or more contracts rather than requiring, as the previous rules did, that they enter quotations for 10 or more contracts in series in which they are registered. Nasdaq projects that modifying the quotations requirements will encourage more options trading firms to register as market makers on NOM and will therefore provide more liquidity to NOM participants. The NOM rules would continue to ensure that market makers actively quote. The filing is consistent with the current practice of the NYSE/Arca Exchange of permitting options market makers to enter quotations for one contract.

http://sec.gov/rules/sro/nasdaq/2008/34-58305.pdf