Finra defers increased margin requirement for options on leveraged ETFs

The industry body has also deferred the increased day-trading margin requirements with respect to leveraged ETFs, until the same date. Finra says while it is committed to increasing these margin requirements, it is also aware that listed options markets are undergoing an overhaul of the method of identifying exchange-traded options contracts, in a move called the Options Symbology Initiative. As a result of this new methodology, which is to be completed by February next year, Finra has deferred the increased margin requirements so firms can allocate resources to meet the new methodolo...