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Wednesday, January 9, 2013

Options Trader Alert #2013 - 3
Operational Readiness for Firms for Treasury Options Launch

Markets Impacted:

Contact Information:

  • PHLX Market Operations at +1 215 496 1571

What you need to know:

  • Effective Tuesday, February 19, 2013, PHLX will launch physically settled "on-the-run" Treasury Options overlaying the most recently issued 10-year or 30-year benchmark Treasuries.
  • PHLX, in conjunction with the Options Clearing Corporation (OCC), will be available to discuss preparedness for the firms in order to commence trading of the Treasury Options.
  • The initial options overlaying the 10-Year Treasury will trade with a symbol of TENFB.
  • The initial options overlaying the 30-Year Treasury will trade with a symbol of THIFB.

What is changing?

Effective Tuesday, February 19, 2013, NASDAQ OMX PHLXSM (PHLX®) will launch physically settled “on-the-run” Treasury Options overlaying the most recently issued 10-year or 30-year benchmark Treasuries. In order to prepare to trade these options, there are slight variations in the listing and clearing process than with standard options.

Both PHLX and OCC staff are available to discuss detailed information on the Treasury Options and what changes can be expected for individual firms and their personnel.

Where can I find additional information?

For further information, including the proposed contract specifications, please visit http://www.nasdaqtrader.com/treasuries or call +1 215 496 5550.



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