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2007 Review: Pennies Roil Options Marts

The Year in Trading

Traders Magazine, December 2007

Peter Chapman

The biggest story of 2007 in the options market was the switch to penny pricing. Under a "pilot" program encouraged by the Securities and Exchange Commission, the nation's six options exchanges agreed to quote a limited number of options classes in either 1- or 5-cent increments, depending on their prices.

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