Boston Options Exchange Enhances Structure - Montreal Seeks Increased Ownership & NASDAQ To Provide Regulatory Oversight

The Boston Options Exchange Group, LLC (BOX) announced today that the Montreal Exchange is seeking to increase its ownership position of BOX by acquiring the 21.9% partnership interest currently held by the Boston Stock Exchange (BSE). This opportunity is a result of today’s announcement of the acquisition by NASDAQ of the BSE.

“The Montreal Exchange has been a founding partner and technical driver of BOX since 2002,” said Scott Morris, Chief Executive Officer (CEO) of BOX. “We are excited to have our colleagues play a more significant role in the future success of BOX.”

BOX will retain its market model, management and operating platform. The regulatory framework for the BOX market will remain in place. NASDAQ, through BOXR, will operate as the regulatory services provider to BOX, which is an options trading facility of the BSE. NASDAQ and BOX are discussing a plan regarding the future regulatory structure.