A light Cantor on Chicago’s home turf
Near the entrance to the Chicago Board Options Exchange’s trading floor is a notice detailing member seat prices. Early last month the bid stood at $500,000, the offer at $525,000, and the last seat sold had gone for $500,000. It’s a number the CBOE is proud of. The exchange hit its 25th birthday last year, making it the youngest of Chicago’s three derivatives exchanges, yet its seats are dearer than the Chicago Board of Trade’s.
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