The Chicago Board Options Exchange (CBOE) announced that a CBOE membership, or seat, traded today for $1,700,000, topping the record-setting price of $1,550,000 paid on October 24, 2006.
Year-to-date, CBOE seat prices have risen 94% from the first sale of the year on January 5th for $875,000. Including today, 106 CBOE seats have traded so far this year, with 14 trading for $1.5 million or more.
CBOE's Membership Department facilitates the purchase and sale of seats using an auction method in which bids and offers are submitted to the Exchange. When a bid matches an offer, a sale is made. Following the sale for $1.7 million this morning, the current bid is $1.65 and the current offer is $1.85 million.
CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: www.cboe.com.
FTSE Mondo Visione Exchanges Index:
CBOE Seat Sale At $1.7 Million Sets New Record Friday, December 1
Date 01/12/2006
