logo

CBOE member fights on in rights auction battle


Chicago Board Options Exchange (CBOE) member Marshall Spiegel was last week once again attempting to derail the exchange's plan to buy back Chicago Board of Trade (CBoT) member exercise rights, even as the modified Dutch Auction for the rights began on 16 April.

Spiegel said in a letter to CBOE's board of directors that CBoT's demutualisation has effectively made those...

The rest of this article is for subscribers only. Would you like to take a free trial?

Free trial

  • News & Analysis access
  • Extensive data searches
  • Access to archive
  • Weekly newsletter