CBOE Seat Sells For New High Of $3.15 Million; Tops Record Set Last Month

The Chicago Board Options Exchange (CBOE) announced that a CBOE seat, or membership, traded for a new all-time high of $3,150,000 earlier today. Today's new record surpassed the previous high price of $3,050,000 for a CBOE seat, which was set on Monday, November 19, 2007.

In addition, a second seat sale took place today at $3.125 million. On the year, a total of 98 seats have now traded. The record price of $3,150,000 is an increase of 80% 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.