SPX Options Going Electronic in Q1!

Finally, SPX options will be going electronic in the first quarter.

http://www.chicagobusiness.com/arti...oe-to-launch-second-exchange-later-this-month

 

SPY options treat me well. What's the attraction to the SPX options?

 

it's for people with large accounts who don't want to spend all their money on commissions. spx options are bigger

 

European-style, cash settlement and, as mentioned above, bigger contract.

 

Favorable tax treatment

 

Good bye pit.

 

For all the reasons previously stated.

 

Are SPX options, 1256 contracts with 60/40 tax treatment?

 

Yes sir

 

It will be interesting to see what the liquidity is like.Could eat some other products for breakfast with tight spreads.