Contributor: Russ Chrusciel
A recently approved options order - a type of block trade called the Qualified Contingent Cross (QCC) —is challenging the status quo of the listed options markets. It’s also raising questions about the future role of options exchanges. The QCC owes its creation, in large part, to the International Securities Exchange (ISE), which got final SEC approval for QCCs this past February. In March, NYSE Euronext, an ISE competitor and former foe of QCCs, asked regulators to allow the NYSE Arca and NYSE Amex options markets to also offer QCCs.... read more
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