NYSE Executive: Volcker Rule Poses Threat To Options Markets
By Jacob Bunge
Published January 20 2012 Wall Street Journal
U.S. options markets could be roiled by new regulations aimed at curbing excessive risk-taking by Wall Street banks, some of which rank among the heaviest traders of options contracts, a senior executive at NYSE Euronext (NYX) said Friday. Draft language of the so-called Volcker Rule, which seeks to regulate proprietary trading by banks, could complicate big banks' roles as providers of liquidity to U.S. options exchanges and affect the prices available to individual investors, according to Steve Crutchfield, chief executive of NYSE Euronext's Amex options exchange.
