On October 12th, the SEC granted immediate effectiveness to the International Securities Exchange's proposal to expand the delta hedging exemption available for equity options positions limits; amend the reporting requirements applicable to members relying on the delta hedging exemption; and adopt a delta hedging exemption from certain index options position limits. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of October 18. SEC Release No. 34-63077.