Pennies for a price

Equity derivatives

pg-42-gary-gif

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: