Sentences with phrase «penny pilot program»

Issues are added to the penny pilot program based on existing liquidity in both the stock and the options market, but the utility of the penny pilot program outweighs the discretionary liquidity judgement that the CBOE makes to list issues in that program.

The reason the CBOE doesn't list all stocks in the penny pilot program is because they believe that their data vendors can not handle all of the market data.

The penny pilot program has a dramatic effect on increasing options liquidity.