The document discusses the risks associated with options trading, including erroneous market reports, insolvency of brokerage firms, and international trading risks. It highlights the potential for automatic exercise of options based on incorrect market data and the implications of brokerage firm insolvency on customer positions. Additionally, it addresses the risks of trading options in foreign markets due to time differences and holidays. The document also mentions the potential failure of OCC's backup systems in the event of widespread clearing member insolvencies.
documents/vol00010-efta01353459-pdf.pdf
{"document_type":"legal","key_locations":["United States"],"document_subtype":"legal notice","key_organizations":["OCC","Clearing Member"]}