Penny options in the US appear to be driving more volume to the over-the-counter market, but exchange leaders don’t believe that the move is necessarily negative.
While there appears to be a growing OTC options market, exchanges and large market participants at the Options Industry Conference in Las Vegas on May 2 said some of that business is still flowing back to the exchange space. Last year, the US options volumes rose 41% and are already up 44.5% from January through to April, according to...