CBOE red-faced at CME options snafu

09 Jun 2003

Chicago Board Options Exchange (CBOE) officials were red-faced with embarrassment last week after its rival International Securities Exchange (ISE) pointed out that they could not list options Chicago Mercantile Exchange (CME) due...

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"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”

The FOA's Anthony Belchambers responds to the EC's Mifid review.