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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (11115)1/14/2004 1:15:58 PM
From: TFF  Read Replies (1) of 12617
 
BOX Receives SEC Approval to Launch New Electronic Options Market
New Market Model Expected to Go Live the Second Half of January

BOSTON, January 14, 2004 - The Boston Stock Exchange on January 14th received approval from the Securities and Exchange Commission (SEC) for its new electronic options market, the Boston Options Exchange (BOX). The BOX model represents a significant innovation in options trading with a market structure that operates without a trading floor, historically low-costs that eliminate barriers to trading and an electronic auction feature that guarantees customers price improvement.
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