Account UpdatesAmendments to Standardized Options Exercise Procedures and Extension of Contrary Exercise Advice Cut-Off time
September 3, 2010
Amendments to Standardized Options Exercise Procedures and Extension of Contrary Exercise Advice Cut-Off time
Effective 09/07/2010, amendments to FINRA Rule 2360 (Options) extend the cut-off time for the submission of certain contrary exercise advices by one hour to 7:30 p.m. ET. Also, the amendments extend the deadline for option holders to make a final exercise decision for an expiring standardized option by two minutes to one hour and 30 minutes following the modified closing time. For details, please call our Client Support Center at 1.888.353.6676 or 415.901.0311.
Amendments to Standardized Options Exercise Procedures and Extension of Contrary Exercise Advice Cut-Off time
Effective 09/07/2010, amendments to FINRA Rule 2360 (Options) extend the cut-off time for the submission of certain contrary exercise advices by one hour to 7:30 p.m. ET. Also, the amendments extend the deadline for option holders to make a final exercise decision for an expiring standardized option by two minutes to one hour and 30 minutes following the modified closing time. For details, please call our Client Support Center at 1.888.353.6676 or 415.901.0311.