A New Trading Floor in 2016? Options Market Turns to Old Tactic

[1245]

http://www.bloomberg.com/news/artic...z9u8WtQdImxP2DW5qu9wWH1mB7I1Xg&_hsmi=29746171

BOX Options Exchange, which operates an electronic trading venue, plans to add open-outcry trading in Chicago later this year, according to Chief Executive Officer Edward Boyle. The proposal requires regulatory approval.

 

[Baron]

That almost sounds more like a PR stunt than anything else.

 

[1245]

This might be a way to attract more option cross business. Who knows. Do we need 15 option exchanges? This type of fragmentation is not good for the MM or customers. Very little price discover from this. Only good for the exchanges. They get more ORF fees.

 

[ktm]

Agreed. Seems like a very strange move.