US options exchanges fear as much as 4% of trading could be impacted
The top US options exchanges are seeking
to increase the pressure on the US government to water-down a
controversial plan that could stop some US pension holders from
trading options by taking the unusual step of calling on
investors to oppose the proposal.
The Options Clearing Corporation, which
clears for the top US options markets, has posted a notice on
its website calling on individuals to comment on the proposed
rule changes by the US Department of Labour while the
consultation period is still open.
The OCC has posted a message on its
website that says: "Did you know the US Department of Labor
(Department) has issued a proposed rule that would take away
the current ability of individual investors to use listed
options in their Individual Retirement Accounts (IRA)?"
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