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FINRA's Black Friday Reminder: Don't Forget Modified Cut-off Time for Expiring Options

FINRA reminded member firms that national options exchanges will close at 1:00 p.m., Eastern Time, on Friday, November 25, 2016. FINRA emphasized that this early closing will affect the exercise cut-off time for expiring options. The deadline for option holders that wish to exercise expiring options will be 2:30 p.m.

Primary Sources

  1. FINRA Information Notice: FINRA Reminds Firms of Exercise Cut-off Time for Options Expiring on Friday after Thanksgiving

Tags

Regulated Entities
Broker-Dealers Traders / Investors / Counterparties
Regulated Products
Options
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA