Options Symbology

WATERS BRIEFING

There is a new mandate in the financial IT arena. The new Options Symbology Initiative (OSI) will implore investment firms that support trading in listed options to increase an option's current three- to five-character symbol to a total of 21 characters. Needless to say, this four-fold increase will require an overhaul of trading systems to meet the deadline, which was pushed back from August 2009 to a yet-to-be-determined date in 2010. In March, Waters gathered a panel of industry elites to

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