The U.S. Options Market
The U.S. Options market is one of the largest, most liquid and fastest growing derivatives markets in the world. It includes options on single stocks, indices and structured products such as Exchange Traded Funds (ETFs). The U.S. Options market therefore presents a tremendous opportunity for derivatives traders.

Key features include:

• Seven U.S. Options exchanges, all regulated by the U.S. Securities and Exchange Commission (SEC), all competing with each other for liquidity and order flow and all clearing in the same fungible open interest pool at a single, independent clearing house, the Options Clearing Corporation (OCC).
• Over 3.5 billion contracts traded on the exchanges in 2008.
• Over 14 million contracts traded on average per day in 2008, up over 24% from 2007.
• Over 3,300 listed equity and index based options.
• Penny Pilot Program: approved by the SEC in January 2007, this program, which currently includes 63 issues, allows minimum quoting increments as low as $0.01 compared to all other issues outside the Penny Pilot which must be quoted in $0.05 and $0.10 increments.

Download U.S. Options Brochure

PDF format, 320KB, 15Pages.

2009 © NYSE Euronext, Inc.
11 Wall Street, New York, NY 10005
+1 212 656 3000 / www.nyx.com

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