New US online options exchange announces investors

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.

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