The Securities and Exchange Commission has approved the proposed rule change eliminating the agency obligations of Amex’s options specialists and establishing Amex Book Clerks. This rule permits Amex to designate Amex’s employees or independent contractors to serve as Amex Book Clerks, responsible for maintaining and operating the ANTE Central Book (i.e., the specialist’s customer limit order book) and the ANTE Display Book.
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Elimination of options specialists’ agency responsibilities and establishment of Amex book clerks
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