OCC and SIFMA File Proposed Amendment to Joint Industry Plan for Standardized Options Trading

Summary

The Options Clearing Corporation (OCC) and the Securities Industry and Financial Markets Association (SIFMA) have filed a proposed amendment to the Joint Industry Plan (JIP) to add a new paragraph (c) to Section 6, which aims to facilitate the listing and trading of standardized options. The amendment will enable the OLPP sponsors to discuss quote mitigation issues and potential solutions jointly.