Former Chicago Board Options Exchange (CBOE) member Marshall Spiegel continued his battle against the exchange last week, filing paperwork with Securities Exchange Commission (SEC), despite selling his seat a week earlier.
Spiegel, who on 15 July sold his seat for $700,000, a record at the time, filed a motion with SEC last Monday to stop CBOE from recognising Chicago Board of Trade (CBoT) exercise rights, which allow CBoT members to trade on CBOE and share in stock and dividends. He also has requested that...