OSI Spend Higher than Expected

LONDON - Despite the initial concerns regarding how the industry would cope with conversion to the new options symbology symbol (OSI) in February 12, a survey conducted by the Financial Information Forum (FIF) to explore how the OSI initiative was addressed by the industry in terms of allocated resources, testing opportunities and external entity support, revealed market participants think it has been a successful project.

New York-based Tom Jordan, chairperson of the Financial Information Forum