Chicago Board Options Exchange (CBOE) may face yet another
delay in its plans to purchase exercise rights from Chicago
Board of Trade (CBoT) full members.
CBOE member Marshall Spiegel filed a motion
with Securities and Exchange Commission (SEC) last Monday
challenging its ruling that allows CBOE to conduct a Dutch
auction to buy exercise rights from CBoT full members. The
filing is expected to automatically stay SEC's ruling and
postpone the planned auction for exercise rights.
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