Chicago Board Options Exchange (CBOE) seat prices have continued their meteoric rise, driven by a combination of the exchange's new remote market maker (RMM) programme and the prospect that the exchange is looking for a merger or acquisition deal.
The latest bid for a CBOE full seat stood at $700,000 on 13 July, with the offer set at $750,000. That marks a sizeable jump from the last seat purchase at $595,000 on 30 June, up from $590,000 on 29 June and $550,000 on 16 June. The record price for...