In a letter submitted to the SEC today, FIA PTG supported the Cboe’s proposal to add an electronic compression component to its existing compression forum. The addition of this electronic component will allow for increased pricing granularity, and permit the inclusion of certain positions and complex structures within the Cboe options product set.
In encouraging the SEC to approve the proposal, FIA PTG said, "These market leading developments by the Exchange will allow our market making members to quote at tighter bid-ask spreads and larger quote sizes to investors, keep the US market at the forefront of industry thought leadership, and help ensure the overall long-term health of the market. "
