OSI: 'Investment Managers Need to Wake Up'

BOSTON - The investment management community is lagging in terms of preparing for the options symbology initiative (OSI), which will change options codes for trading and settlement, officials tell Inside Reference Data.

Boston-based Tower Group analyst Dayle Scher, who has researched the impact of OSI on investment managers, says they only seem to be vaguely aware of the initiative. "The investment management community needs to wake up," she remarks.

The existing three-or-more-character option sym

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