The Chicago Board Options Exchange said on August 31 that it expects to launch C2, its second US options exchange, in late October. The new subsidiary, which will be all-electronic, will employ different trading mechanics to lure new types of trading firms.
The CBOE announced its plan to develop a second options trading venue in October 2008. It said at the time that it would not create a mirror image of itself, but would design an exchange which would aim to compete with other US options exchanges.
In its latest announcement, the CBOE confirmed that C2 would have two critical differences from its parent exchange.
It will match orders it receives...