OCC moves against dividend trades

05/23/2013 | Reuters

OCC, which clears U.S. stock options, said Thursday that it will take steps to phase out dividend plays. Such deals, in which investors buy blocks of a stock just in time to get its dividend, have been criticized as a possible source for disrupting markets. PHLX, a hub for these types of transactions, will take the biggest hit from OCC's move.

View Full Article in:

Reuters

Published in Briefs: