Post by cxgllc on Dec 26, 2018 6:04:15 GMT -5
A Registered Options Principal (ROP) at a brokerage firm supervises options exposure and the trading activities on options within client accounts. The ROP acts between the client making the order and the exchange member who executes the order.
In a brokerage firm there will often be more than one Registered Options Principal acting in supervisor roles. In some cases, one is the designated ROP, while another is the alternate ROP. The alternate ROP acts as a subordinate to the designated ROP. Both positions are often taken by senior employees, more specifically either a partner, officer, or director of the firm.
BD Compliance services| Regulatory Compliance Banking Industry
In a brokerage firm there will often be more than one Registered Options Principal acting in supervisor roles. In some cases, one is the designated ROP, while another is the alternate ROP. The alternate ROP acts as a subordinate to the designated ROP. Both positions are often taken by senior employees, more specifically either a partner, officer, or director of the firm.
BD Compliance services| Regulatory Compliance Banking Industry