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CBOE Plans New Options Trading Service
The Chicago Board Options Exchange is seeking to offer its own version of a new options-trading service.
The Chicago Board Options Exchange (CBOE) is seeking to offer its own version of a new options-trading service, The Wall Street Journal reports. The CBOE has submitted rules to market regulators that will allow options traders to carry out transactions that bypass competition from rival traders.
The qualified contingent cross orders will let options traders do a trade at a specified price and execute it without exposing it to other market participants, provided the order is linked to a stock trade and meets certain other criteria. In late February 2011, the International Securities Exchange received approval from the regulators for the same.
Click here for the story from The Wall Street Journal.