📈Proposed Rule Change on Options Trading by Investors Exchange
Self-Regulatory Organizations; Investors Exchange LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
Summary
The Securities and Exchange Commission has instituted proceedings to evaluate a proposed rule change from Investors Exchange LLC regarding the trading of options. This includes rules for a new trading facility called IEX Options, with innovative features designed to enhance market maker protection and promote efficient trading practices. The proposal encourages public comment for thorough analysis and review.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document details proposed rule changes by the Investors Exchange LLC regarding options trading, which could affect compliance, risk management protocols, and market-maker operations. Specific proposals like the Options Risk Parameter (ORP) may influence trading strategies and liquidity. Additionally, it invites comment, highlighting areas for businesses to participate in regulatory shaping.