The Boston Options Exchange (BOX), a venture of the Boston Stock Exchange, has announced investment stakes by Credit Suisse First Boston, JP Morgan Chase, Salomon Smith Barney and UBS Warburg. The size of the investments was undisclosed.BOX is seen by some as a second chance for investors who turned down investment in the International Securities Exchange, a highly successful online derivatives exchange.
The exchange hopes to go live by the second quarter of 2003.
BOX plans to list options contracts on the top 250 US options classes within a few months of its launch, and eventually scale to 500 classes. It also plans to list options contracts on US equity indexes.
More on Exchanges
Acquisitions made up for some shortfalls in exchange revenues
Chicago-based exchange targets China, India and LatAm growth
Stock exchange group has “excess cash”, says group CEO
Increased volatility will spur demand for risk management tools in Asia
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.