Options Trading To Simplify With New Symbols
by
Angela Moon and Doris Frankel
NEW YORK/CHICAGO (Reuters) – The U.S. options industry next month is set to overhaul the way options ticker symbols are displayed in order to catch up to the phenomenal growth of the market in recent years.
The makeover will transform the antiquated and sometimes confusing alphabetical codes used to identify an option into a format that many say will make it easier for investors to understand…
…”The new codes will be much more decipherable for everyone from the back office clerk to the retail customer,” said Mark Longo, chief executive of the optionsinsider.com, an options information website.