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The Good News:
The CBOE and the AMEX announced that it will take the first step to
trade options that up to now were only traded on one exchange. They will
start with DELL. A new options exchange (ISE) will start trading 600
option series in January. The increased competition will greatly benefit
option traders.
The Bad News:
Due to the increased expense of carrying the additional data many of
your local data vendors have chosen not to display all of the option
quotes. And on top of that there will probably be significant increases
in fees to get this info. There was one rumor that a major data vendor
was requiring their land line customers to install an additional T1 (at
the customers expense) if they wanted to get this data.
Ron McEwan
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