On October 27th, the SEC approved NASDAQ OMX PHLX's proposed amendments regarding the quarterly trading requirements applicable to Registered Options Traders. Commentary .01 is amended to adopt a new quarterly requirement such that an ROT (other than an RSQT or a Remote Specialist) is required to trade 1,000 contracts and 300 transactions on the Exchange each quarter. Transactions executed in the trading crowd where the contra-side is an ROT would not be included. The new trading requirement can be fulfilled with trades and contracts that are not in assigned options and not executed in person. In addition, the Exchange is amending the in person trading requirement in Commentary .01 in two ways. First, the amendment excludes transactions executed in the trading crowd where the contra-side is an ROT from the existing in person trading requirement. Second, the amendment permits non-SQT ROTs to use orders entered in person to meet the in person trading requirement. SEC Release No. 34-65644.