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The Chicago Board Options Exchange (CBOE) announced that three CBOE seats, or memberships, traded this morning, Wednesday, two at the previous record high price of $2,700,000 and one at a new record high price of $2,750,000. The previous record high price of $2,700,000 for a CBOE seat was set on August 6, 2007.
With today's three seat sales, a total of 80 have now traded in 2007. The record price of $2,750,000 is an increase of 57% from the $1,750,000 price paid at the close of 2006. During 2006, the highest price paid for a CBOE seat was $1,775,000 on December 6. The lowest price paid was $850,000 on January 30, 2006 and a total of 111 seats changed hands during the year.
CBOE's Membership Department facilitates the purchase and sale of seats using an auction method in which bids and offers from interested parties are submitted to the Exchange. When a bid matches an offer, a sale is made.
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.
