The head of CBOE Holdings Inc., the largest U.S. options exchange, said on Tuesday he is “fairly confident there is a reasonable chance” that the regulator will drop products listed on a single exchange from its fee-cap proposal.
The U.S. Securities and Exchange Commission in April proposed capping fees in options, a move meant to shine a light on the market’s tiered and complicated pricing structure.
CEO William Brodsky told a conference here that the exchange operator has “argued this point vociferously,” adding that that justification for the fee-cap proposal was based primarily on multiply-listed products.
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CBOE Holdings
CBOE Holdings Inc. claims it is the largest option exchange in the United States. The company, in addition to its core options trading business, provides marketplaces for trading futures contracts...
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