Regulatory Notice 09-18

EBS Submissions Following Implementation of the Option Symbology Initiative

Executive Summary

The Options Clearing Corporation and its participant exchanges have begun the implementation of the Option Symbology Initiative, which will affect FINRA member firms' Electronic Blue Sheet submissions.

 

Firms are expected to describe all exchange-traded options using explicit data elements (i.e., the Option Symbology Initiative) instead of the current Options Price Reporting Authority codes beginning February 12, 2010.

 

This Regulatory Notice outlines changes to the blue sheet record layout as a result of the implementation of the Option Symbology Initiative. Attachment A to this Notice sets forth the changes to the blue sheet record layout and Attachment B outlines the existing account type identifiers. The modified format may be used on a voluntary basis starting on April 30, 2009, but is not required to be used until February 12, 2010. This Notice also provides answers to frequently asked questions.

 

Questions concerning the implementation of the Option Symbology Initiative and its effect on EBS submissions should be directed to Ron Veith, International Securities Exchange, at (212) 897-8130 or by email.

 

Questions concerning EBS submissions to FINRA generally should be directed to Rosario J. Braisted, FINRA, at (240) 386-4987 or by email.