The CBOE Stock Exchange, a subsidiary of the Chicago Board Options Exchange (CBOE), will open for trading on 5 March 2007.
CBOE partnered with four liquidity providing firms: Interactive Brokers Group, LaBranche & Co, Susquehanna International Group, and VDM Specialists to create the CBOE Stock Exchange (CBSX).
“This is a monumental event, not just for CBOE, but for the City of Chicago. CBSX will further solidify Chicago’s place as one of the most significant financial centers in the world. We are honored that Congressman Emanuel will join us to recognize the importance of this occasion and to ring in the world’s newest stock market,” says William J. Brodsky, the Chairman and CEO of the CBOE. “With the launch of CBSX, CBOE will offer stocks, options and futures all on one platform, CBOEdirect. This multi-asset trading platform, backed by CBOE’s commitment to customer service and deep market liquidity, will make CBSX a strong competitor in the stock trading arena.”
“We have drawn on CBOE’s market expertise, resources, and the dedication of its employees to create the industry’s most efficient stock market, which will offer fully electronic trading coupled with dedicated liquidity providers,” adds David Harris, the CEO of CBSX. “We offer a compelling value proposition with a focus on our trading community combined with a state-of-the-art trading system, an extremely competitive fee structure, and dedicated liquidity providers, some of whom own CBSX and have a direct interest in its success, will be a compelling combination.”