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CBOE To Relaunch CEBOs
The Chicago Board Options Exchange has announced plans to relaunch credit event binary options contracts on March 8.
The Chicago Board Options Exchange has announced plans to relaunch credit event binary options contracts on March 8. The CEBOs have been redesigned to simplify the terms of a payout for the contracts, allowing the exchange to list CEBO contracts that specify bankruptcy as the only trigger for a payout, according to the CBOE.