Regulatory Notice 13-20

FINRA Designates Additional Index Available for Conventional Equity Options Position Limits Calculation

 

Effective Date: Thursday, June 27, 2013

Executive Summary

Firms may calculate option position limits in accordance with volume and float criteria specified by FINRA for conventional equity options overlying securities that are part of an index designated by FINRA and submit a posttrade notice filing to FINRA. FINRA previously designated the FTSE All-World Index. Effective June 27, 2013, FINRA is designating, the NASDAQ Global Large Mid Cap Index to permit firms to use the volume and float criteria to calculate position limits for conventional equity options on securities in that index.

 

Questions concerning this Notice should be directed to:

 

  • Max Tourtelot, Director, Options Regulation, at (917) 281-3133;
  • James Turnbull, Associate Director, Options Regulation, at (917) 281-3177; or
  • Kathryn Moore, Associate General Counsel, Office of General Counsel, at (202) 974-2974.