CBOE Membership Hits $1 Million Mark

The Chicago Board Options Exchange (CBOE) announced that a membership was bought on February 7 for $1 million, marking the highest price ever paid for a CBOE seat. This new record surpasses the previous record of $925,000, set on February

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The Chicago Board Options Exchange (CBOE) announced that a membership was bought on February 7 for $1 million, marking the highest price ever paid for a CBOE seat.

This new record surpasses the previous record of $925,000, set on February 3, in which three memberships were bought at $890,000, $900,000 and $925,000.

The record seat sale follows a record breaking January at CBOE, with a volume of 53.9 million contracts, a 55% increase over the previous year.

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