The American Stock Exchange LLC filed proposed rule changes to Amex Rule 958 that will allow Registered Options Traders (ROTs) to submit electronic quotations and orders from a location off the Amex’s trading floor on a limited basis. ROTs will be allotted 20 days each calendar year to quote remotely and they must notify the Amex’s Division of Regulation and Compliance immediately following the days on which he or she chooses to submit quotes and orders from off the Amex’s trading floor. The proposal is aimed at accommodating ROTs who are unable to be present on the Amex’s trading floor but nevertheless wish to quote and submit orders. The Securities and Exchange Commission is currently soliciting comments on the proposed rule change.
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Amex proposes rule change concerning remote ROT quoting and orders
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