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In Options Trading, How Does Standardization Impact Contract Exercise?

Standardization dictates the exercise style, such as American or European, and the specific exercise date. This ensures all market participants know exactly when and how the option can be exercised.

The clearing house manages the assignment process when an option is exercised, ensuring a fair and orderly settlement.

What Is the Difference between American-Style and European-Style Assignment?
What Is the Difference between American-Style and European-Style Options Exercise?
What Is the Difference between American-Style and European-Style Options?
Explain the Difference between American-Style and European-Style Options