CBOE continues to voice objections
Boston Options Exchange (BOX) continues to face delays in
its regulatory approval from Securities and Exchange Commission
The new all-electronic options exchange originally planned
to launch in the fourth quarter of 2002 but was held up then by
SEC. The exchange then said it was looking toward a summer
launch, but that too seems to be slipping away.
"We're hopeful for a late summer launch," said Janice Foley,
a BOX spokesperson. "We're still moving forward with
everything, but it's contingent on getting approval from the
Exchange officials said there are no specific snags in the
regulatory approval process.
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