Pacific Exchange (PCX) has backed International Securities
Exchange (ISE)'s call for an end to exclusive licensing
agreements for index options.
PCX chairman and ceo Philip DeFeo wrote to Securities and
Exchange Commission (SEC) asking for a moratorium on the
exclusive listing of any new index options products. He also
called on SEC to prohibit any exchange from being a party to an
exclusive or preferential agreement to trade index options,
echoing the previous request from ISE.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.