Chicago Board Options Exchange (CBOE) is set to launch its hybrid trading system on Thursday after receiving approval from Securities and Exchange Commission.
The so-called CBOEdirect HyTs will integrate floor and screen-based options trading.
CBOE officials say this system can recoup some of the market share it has lost on individual options to all-electronic International Securities Exchange (ISE), now top volume US equity options exchange.
"We can recapture business," CBOE chairman and chief executive Bill Brodsky...