Chicago Board Options Exchange (CBOE) members narrowly approved a measure last Monday to buy exercise rights from Chicago Board of Trade (CBoT) full members.
The proposal, approved by a margin of 408 in favour, to 346 opposed, with two abstentions, calls for CBOE to offer to purchase up to 500 exercise rights from CBoT full members for $100,000 each. With the green light from members, CBOE executives are...