Montreal Exchange Inc. announced today that it has reached an agreement to increase its ownership position in the Boston Options Exchange (BOX) from 31.4% to 53.2%, subject to regulatory approval.Under the terms of the agreement with the Boston Stock Exchange (BSE), a partner in BOX, MX will pay US$52.5 million in cash for the 21.9% […]
The Dow Jones Industrial Average futures contract has been offered at the Chicago Board of Trade since 1997
Companies have been reassessing their use of options since the accounting rules were changed, requiring stock options to be expensed at their fair market value
Results also support efforts to encourage options markets to quote in 1¢ increments
New options trading platform to begin Jan. 26
NYSE Arca files proposal with SEC
NYSE Arca Options system provides automatic executions for customer and broker dealer orders
Different regulatory requirements may reduce the opportunity for Canadian companies to backdate or time option grants
Market slated to open in 2007 third quarter
Price benchmarking is only one several key factors that need to be taken into account when determining the quality of execution