The Chicago Board Options Exchange (CBOE) announced that a CBOE seat, or membership, traded for a new all-time high of $3,300,000 earlier today.Today's record surpassed yesterday's record membership price of $3,200,000.During 2008 a total of 76 seats have changed hands at CBOE.
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.
