CBOE Seat Sells For New Record Of $1,425,000

The Chicago Board Options Exchange (CBOE) announced that a seat, or membership, on the Exchange, was bought this morning for a price of $1,425,000, setting a new record for seat prices at CBOE. The previous record seat price was set on August 15th this year with a trade of $1,400,000. The sale this morning was the fifty-first of the year and the thirty-eighth seat that was sold for at least one million dollars during 2006. The high seat sale for 2005 was $875,000.

Seats are bought and sold via CBOE's Membership Department using an auction method in which bids and offers are submitted to the Exchange on an "as-desired" basis. When a bid matches an offer, a sale is made.

CBOE, the world's largest options marketplace 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.