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Product LoginWednesday, July 30, 2014
Options Trader Alert #2014 - 21
NOM and BX Options to Require JBO Origin Code Marking
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NOM and BX have updated the FIX, FIX Drop, and Clearing Trade Interface (CTI) Specifications to support a Joint Back Office (JBO) Origin Code. In addition, NOM has updated the Ouch to Trade Options (OTTO) specifications and OTTO Drop to support JBO. The JBO Origin Code will be accepted by NOM and BX beginning Monday, August 25, 2014. Effective Tuesday, September 1, 2014, Options Participants will be required to mark their JBO orders in accordance with the Exchange’s technical specifications. The JBO Origin Code must be utilized by Participants who clear in the firm range at The Options Clearing Corporation (OCC) and maintain a Joint Back Office arrangement with a clearing broker-dealer. Orders submitted as JBO will continue to be treated as Firm for priority and allocation and will continue to clear in the firm range at OCC.
New JBO Origin Codes are as follows:
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