ARTICLE
29 November 2016

FINRA's Black Friday Reminder: Don't Forget Modified Cut-off Time For Expiring Options

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA reminded member firms that national options exchanges will close at 1:00 p.m., Eastern Time, on Friday, November 25, 2016.
United States Finance and Banking

FINRA reminded member firmsthat national options exchanges will close at 1:00 p.m., Eastern Time, on Friday, November 25, 2016. FINRA emphasized that this early closing will affect the exercise cut-off time for expiring options. The deadline for option holders that wish to exercise expiring options will be 2:30 p.m.

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