Chicago Board Options Exchange (CBOE) has announced plans to
launch its own stock exchange with four partner firms.
following a similar recent annoucement by International
Securities Exchange (ISE) (see FO Week Vol 11 No
The new exchange, called CBOE Stock Exchange (CBSX) was
expected to launch in 2007 and include active participation
from its partner firms, Interactive Brokers (IB), LaBranche,
Susquehanna and VDM.
CBOE was to own around 50% of CBSX while the partner firms
would share the remainder.
The new exchange was to feature a hybrid market model
combining elements of both screen and floor-based trading. It
was to list New York Stock Exchange (NYSE), Nasdaq Stock Market
and American Stock Exchange (Amex) listed products including
the most active 2,500 stocks as well as ETFs and other listed
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