Boston Options Exchange (BOX) continues to face delays in its regulatory approval from Securities and Exchange Commission (SEC).
The new all-electronic options exchange originally planned to launch in the fourth quarter of 2002 but was held up then by SEC. The exchange then said it was looking toward a summer launch, but that too seems to be slipping away.
"We're hopeful for a late summer launch," said Janice Foley, a BOX spokesperson. "We're still moving forward with everything, but it's contingent on getting approval from the SEC."
Exchange officials said there are no specific snags in the regulatory approval process.
However,...