The Financial Information Forum is pleased to announce the formation of its Options Market Share Methodology Working Group. The group will focus on opportunities for bringing more transparency to options volume data by identifying the types of trades that could be broken out by OPRA or the OCC. The formation of a working group came out of an FIF meeting at the Options Industry Conference where the different methodologies for calculating market share used by the OCC, ISE and BATS were discussed. At that meeting, representatives of the exchanges expressed a willingness to meet with an FIF working group after requirements had been defined.
Vishal Gupta, Vice President and Head of US Listed Options Business Development, Goldman Sachs Electronic Trading and JP Xenakis, Director and Head of Electronic Options Trading Distribution Barclays Capital will be co-chairing the working group. The Options Market Share Methodology Working Group will hold its first meeting on June 7, 2011. FIF members interested in participating should contact the FIF Program Office at fifinfo@fif.com or +1 212.422.8568.
