CBOE Rule Change to Allow Mini Options to Trade in the Same Pricing Increment as Standard Options
Summary
SIFMA provides comments to the Securities and Exchange Commission (SEC) regarding a proposed rule change (SEC File No. SR-CBOE-2013-016) filed by the Chicago Board Options Exchange (CBOE). SIFMA supports the proposal to permit the minimum price variation for mini-options to be the same as is permitted for standard options on the same underlying security.
SIFMA, SIFMA AMG, American Bankers Association (ABA), Bank Policy Institute (BPI), Institute of International Bankers (IIB), Insured Retirement Institute (IRI),…