CBOE to Start Trading Stocks
"The Chicago Board Options Exchange plans to start trading stocks early next year, in a move that follows in the footsteps of its biggest rival, International Securities Exchange Inc.
Like the ISE stock exchange, the CBOE's is being created in partnership with a number of trading firms who are taking a stake in it. In this case it's four firms that hold 45% of the exchange: Interactive Brokers Group LLC; LaBranche & Co.; Susquehanna International Group LLP; and Van der Moolen Holding.
Unlike the ISE stock exchange, however, the CBOE's exchange will include a trading floor -- made up of a currently unoccupied post on the exchange's options trading floor, CBOE Chief Executive William Brodsky said. The new exchange will be based on the CBOE's existing hybrid technology."
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