The CBOE Stock Exchange, the equity-trading subsidiary of the Chicago Board Options Exchange, will make its debut on Monday. The CBSXs start will coincide with the implementation of the Regulation NMS market reform that fosters trading technology for greater transparency and investor protection. The start date was first reported Thursday on Pensions & Investments website, www.pionline.com.
CBSX Chief Executive Officer David Harris said the new exchange will offer a compelling value proposition with a focus on our trading community combined with a state-of-the-art trading system, and an extremely competitive fee structure.
The CBOE, the worlds largest U.S. options exchange, worked with four Wall Street firms to launch CBSX: Interactive Brokers Group, LaBranche & Co., Susquehanna International Group and VDM Specialists.
CBSX will run on the same CBOEdirect platform that already powers the CBOE and the CBOE Futures Exchange. The new exchange will count on its parents strong ties with the options trading community and aggressive pricing to carve market share f