Options Markets
OPTIONS PENNY PILOT PROGRAM INFORMATION
The Options Penny Pilot Program (“Options PPP") is scheduled to begin on January 26, 2007. This page is intended to provide SIFMA members with information on the Options PPP including exchange testing parameters, roll-out schedules, quote mitigation plans, and other information relevant to the Options PPP.
Options PPP Classes (as of 11/20/06)
A Agilent Technologies Inc.
AMD Advanced Micro Devices, Inc.
CAT Caterpillar Inc.
FLEX Flextronics International Ltd.
GE General Electric Company
IWM Ishares Russell 2000 Index (ETF)
INTC Intel Corporation
MSFT Microsoft Corporation
QQQQ NASDAQ-100 Trust Shares (ETF)
SMH Semiconductor HOLDRs (ETF)
SUNW Sun Microsystems, Inc.
TXN Texas Instruments Incorporated
WFMI Whole Foods Market, Inc.
Rollout Schedule for Symbols (pdf)
Quote Mitigation Plans as Filed with the SEC
American Stock Exchange
- AMEX
- SR-AMEX-2006-106 (Approval Order) - pdf
Boston Stock Exchange
- BOX
- SR-BSE-2006-49 (Approval Order) - pdf
- SR-CBOE-2006-92 - pdf
- SR-CBOE-2006-98 - pdf
- SR-BSE-2006-48 - pdf
Chicago Board Options Exchange
- CBOE
- CBOE (Approval Order) - pdf
- Regulatory Circular RG06-124 - pdf
International Securities Exchange
- ISE
- SR-ISE-2006-62 (Approval Order) - pdf
NYSE Arca
- NYSE
- SR- NYSEArca-2006-73 (Approval Order) - pdf
Philadelphia Stock Exchange
- PHLX
- SR-PHLX-2006-74 (Approval Order) - pdf
- SR-PHLX-2006-52 - pdf
- SR-PHLX-2006-53 - pdf
Options Exchange Testing Information
There is no industry-wide test currently planned for the Options PPP. Each exchange will provide Options PPP testing as detailed on each exchange web site. (see links below):
- American Stock Exchange
- Boston Stock Exchange
- Chicago Board Options Exchange
- International Securities Exchange
- NYSE Arca - pdf
- Philadelphia Stock Exchange
Questions about the Options Penny Pilot Program should be directed to John Panchery or Melissa MacGregor.