By contrast, COPS, for the first time, will rely on robust pricing models of multiple CBOE market makers to help generate indicative values for as many as 3,000 options series on 300 underlying options classes
It also examines how traders use options algorithms to seek out liquidity in less frequently traded options classes
and how algorithms are transitioning from smart order routing (SOR) systems to more sophisticated algorithmic trading tools that incorporate complex-order types and volatility-based orders into the trading process.
RROTs shall be specialists or market makers who would act as ROTs on the Amex by entering bids and offers electronically from locations other than the crowd where the applicable options classes
The Nasdaq-100 Index Tracking Stock is one of the thirteen options classes
that are part of an industry-wide pilot to quote and trade in penny increments and currently trades in one-cent increments at all prices.
exchanges to reallocate to its options specialist unit Timber Hill a number of options classes
handled by Susquehanna Investment Group (SIG).
Approximately 700 options classes
now trade in the Second Market with an aggregate average daily volume for the month of January of over 79,000 contracts.
In February, OIC introduced Options University (OU), a comprehensive educational mini site that offers a variety of online options classes
, strategy tools and other educational resources.
ISE introduced the Second Market to create tight markets and additional liquidity for options classes
that have typically experienced lower trading volumes.
There are now 141 active options classes
available for trading via CBOEdirect HyTS, representing approximately 50% of US equity options trading volume.
The listing of these equity options classes
will double the total number of options classes
traded at ISE.
ISE will initially list twenty options classes
in its Second Market and will continue to add listings regularly until approximately 850 names are traded.
All of the PHLX's 1,200 options classes
will accept electronic delivery of broker-dealer orders.