Options Markets
LATEST UPDATES:
- SIFMA Options Committee Letter to US Options Exchanges on Recommendations for Improving Best Execution Reports for Options Exchanges - April 29, 2008
- SIFMA Letter to SEC Re: Long Term Penny Pilot Rollout Plan detailed in the Penny Pilot Phase II Report, submitted by the Chicago Board Options Exchange (CBOE) - March 10, 2008
- Options Exchanges Submit Penny Pilot Information to the SEC - June 7, 2007
- Comments on Quote Mitigation Proposals Re: Penny Pilot Program Scheduled to begin in January 2007 - pdf, December 20, 2006
- Options Penny Pilot Program Information - Posted November 15, 2006
- Letter to the SEC Division of Market Regulation Re: Options Penny Pilot Program - pdf, October 19, 2006
BACKGROUND
SIFMA is active in addressing issues that affect the equity options businesses of member firms. SIFMA’s Options Committee includes a cross-section of options industry professionals, including members from full service broker-dealers, specialist/market making firms, and regional and local brokers.
Through the Committee, SIFMA monitors regulation and legislation affecting options and provides information about the options industry to regulators, Congress, and the general public. SIFMA is also involved in issues relating to market structure and investor protection in the options markets including best execution, options market linkage, and payment for order flow. SIFMA is also playing a leading role in the implementation of the pilot program for quoting options in pennies.
Questions regarding the material posted here should be directed to either of the Committee's staff advisers, Don Kittell or Melissa MacGregor.