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CBOE delays high speed platform
23 February 2010
The Chicago Board Options Exchange will delay the launch of its new C2 options exchange platform until the second half of the year, until the US Securities and Exchange Commission has completed its review of flash trading.
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CBOE
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The platform will cater to high speed traders. In September, the SEC unanimously proposed “a rule amendment that would prohibit the practice of flashing marketable orders”.
The regulator has already sought comment on the proposal.