CBOE puts price on exercise rights
08 Mar 2004
Chicago Board Options Exchange (CBOE) announced plans last Wednesday to purchase trading or so-called "exercise rights" on its exchange from Chicago Board of Trade (CBoT) members for $100,000 each.
CBOE's board of directors approved a plan that would buy up to 1,000 exercise rights from full CBoT members. The move requires CBOE membership approval and a vote is scheduled for April. CBoT members paved the way...
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