Bourse de Montréal will provide customised electronic exchange software for derivatives trading, while the Boston Exchange will be the regulatory services provider, overseen by the US Securities and Exchange Commission (SEC). Interactive Brokers Group will market Box.
Box is currently developing its trading rules, and hopes to have them cleared with the SEC in about two months, said a Box spokesman. He added that the firms would not comment further on the development of Box at this stage because of SEC sensitivities.
The week on Risk.net, July 7-13, 2018Receive this by email