The options symbology initiative, spearheaded by the Options Clearing Corp., has developed a 21-character identifier for options series, replacing the existing three--to-five-character representations devised by the Options Price Reporting Authority 25 years ago. The OCC and the US options exchanges have an Oct. 1 deadline for publishing individual implementation plans.
Trading firms should be evaluating whether systems will need to be modified to accommodate 21-character symbols, as any sys
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails