Share your feedback about our website. Take the survey.
Rule 725. Confirmations
This rule is no longer applicable effective February 17, 2009.
Every member and member organization shall promptly furnish to each customer a written confirmation of each transaction in option contracts for such customer's account. Each such confirmation shall show the type of option, the underlying security or underlying index stock group, the expiration month, the exercise price, the number of option contracts, the premium, commissions, the transaction and settlement dates, whether the transaction was a purchase or a sale (writing) transaction, whether the transaction was an opening or a closing transaction, and whether the transaction was effected on a principal or agency basis. The confirmation shall by appropriate symbols distinguish between Exchange option transactions and other transactions in option contracts.
October 7, 1982.