CBOE files S-4, posts Q4 earnings

Chicago Board Options Exchange (CBOE) filed its S-4 with Securities and Exchange Commission on 9 February, a move that will eliminate trading rights in return for shares on the exchange.

The elimination of trading rights as part of the demutualisation of CBOE, closely mirrors the process taken by the New York Stock Exchange (NYSE) during its demutualisation and subsequent public listing. The move means that traders and firms who want to trade on CBOE will have to pay the exchange for...