SPX Options Going Electronic in Q1!

[uptickk]

Finally, SPX options will be going electronic in the first quarter.

http://www.chicagobusiness.com/arti...oe-to-launch-second-exchange-later-this-month

 

[Cdntrader]

Quote from uptickk:

Finally, SPX options will be going electronic in the first quarter.

http://www.chicagobusiness.com/arti...oe-to-launch-second-exchange-later-this-month

SPY options treat me well. What's the attraction to the SPX options?

 

[blackjack007]

Quote from Cdntrader:

SPY options treat me well. What's the attraction to the SPX options?

it's for people with large accounts who don't want to spend all their money on commissions. spx options are bigger

 

[MTE]

Quote from Cdntrader:

SPY options treat me well. What's the attraction to the SPX options?

European-style, cash settlement and, as mentioned above, bigger contract.

 

[sonoma]

Quote from Cdntrader:

SPY options treat me well. What's the attraction to the SPX options?

Favorable tax treatment

 

[EliteThink]

Good bye pit.

 

[uptickk]

Quote from Cdntrader:

SPY options treat me well. What's the attraction to the SPX options?

For all the reasons previously stated.

 

[CPTrader]

Quote from sonoma:

Favorable tax treatment

Are SPX options, 1256 contracts with 60/40 tax treatment?

 

[uptickk]

Quote from CPTrader:

Are SPX options, 1256 contracts with 60/40 tax treatment?

Yes sir

 

[Cdntrader]

Quote from uptickk:

For all the reasons previously stated.

It will be interesting to see what the liquidity is like.Could eat some other products for breakfast with tight spreads.