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CBOE nears IPO as CME Group snaps up $40m worth of rights

by Jim Kharouf

Chicago Board Options Exchange (CBOE) effectively severed the exercise rights for about 250 current exercisers trading on the exchange on 31 August after CME Group paid around $40m for trading rights. The move could lead to CBOE being the next exchange to carry out an IPO.CME Group bought 159 Chicago Board of Trade (CBoT) exercise right privilege (ERP)’s for $250,000 each...

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