New Options for Options Trading

摘要

The results of the SEC-mandated options "penny pilot" and the increased presence of institutional investors in the market could change the U.S. equity options trading landscape, raising the possibility of more-ECN-like models.rnIt seems likely that options exchanges will define their operations based on their response to the fundamental question, "Can the options market continue to grow and function efficiently with the current quote-driven, 'pro-rata' model, the predominant way of doing business in options exchanges today?"