Traders get fast-tracked options on IPOs

This month’s large initial public offerings saw options trading two days after shares started to trade. Under the old rules, the exchanges waited four sessions to allow for such trades. — Bloomberg

NEW YORK: Wall Street’s biggest exchanges quietly altered rules this summer, giving fast-tracking investors access to options trading on newly listed companies.

This month’s large initial public offerings (IPOs) – Arm Holdings Plc, Maplebear Inc (Instacart) and Klaviyo Inc – each saw options trading two days after shares started to trade. Under the old rules, the exchanges waited four sessions to allow for such trades.