NASDAQ Futures Inc. proposed amendments to its futures block trading guidance to authorize the pre- or anticipatory hedging of futures and related Opinions block trades by principal counterparties prior to a transaction’s execution under limited circumstances. This proposal is similar to recent amended advisories issued by the CME Group and ICE Futures U.S. (Click here for background in the article, “Pre-Hedging by Principals Authorized in Block Trade Clarification Implemented by IFUS and Adopted by CME Group” in the October 30, 2016 edition of Bridging the Week.) However, unlike the guidances issued by these two entities that limit such pre- or anticipatory hedging where parties believe “in good faith will result from the consummation of the block trade,” NASDAQ Futures’ proposal would limit such pre- or anticipatory hedging to situations where parties “have a good faith belief that the block trade will be consummated.” NASDAQ Futures' advisory is scheduled to be effective November 10.