This is to remind the members in each specialist unit that they are currently required by the Amex to create and maintain a written record of the identity of the individual specialist or specialists involved in the trading of each option class during the trading session. Where more than one specialist is involved in the trading of a particular class during the trading session, the written record should identify all such specialists and shall denote the specialist who is responsible for ensuring compliance with applicable regulatory requirements.
Attached is a copy of the Amex Notice - Specialist Identification, dated August 1, 2003, which required specialists to begin creating and maintaining the written record no later than September 2, 2003. Also attached is a form developed by the Amex, which may be used to facilitate capturing the required information.
If you have any questions on this requirement, please contact Arne Michelson at 212-306-1860, Victor Attanasio at 212-306-1548, Dave Fisch at 212-306-1450 or me, Jeff Jacobus at 212-306-1449.