Pennies for a price

Equity derivatives


The US-listed equity derivatives market will begin a bold experiment on January 26 next year. This will mark the start of a six-month pilot programme, during which some option prices will be quoted in single-cent increments, or pennies, rather than in nickel (five cents) or dime (10 cents) intervals. The Securities and Exchange Commission (SEC) has requested that six exchanges - the American Stock Exchange, Boston Stock Exchange, Chicago Board Options Exchange, International Securities Exchange

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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