About three years ago , the guys from the OCC got togethter and decided to make changes to the way options are quoted by the market. For an example, The Mar 08 120.00 Puts have the symbol QAAOD while the Mar 08 125.00 puts have the symbol APVOE. So after a few years of work, they came up with this :


Mar 08 120.00 Puts
QAAOD -> AAPL080322P00120000
( AAPL 08 03 22 P 00120 000 )


Not really too difficult to figure out the coding on this system. There are a lot of details concerning things like FLEX options and stocks splits/mergers etc. The big change is due for July 2009, so a about a year and a half we will have to move over. The old symbols will be suppressed after that date.

What does this have to do with the price of tea in China? Not much ( but you can check the tea futures contract ) and not much to do with Raydo.

Internally, we already use the new structure. Just an input filter to change the old symbols into the new symbols. After the big change, we will just drop the filter.

Tags: Hillary should just quit - she is tearing her party apa

This entry was posted on Monday, March 3rd, 2008 at 10:58 am and is filed under Development, Raydo, design. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.