Options Exchanges To Go For The Gold

The Chicago Board Options Exchange, the International Securities Exchange and the Philadelphia Stock Exchange are planning to start trading options on streetTRACKS Gold Shares ETFs (GLD) next month, making their first foray into commodities. Options exchanges have been trying to convince the Securities and Exchange Commission to let them trade options on commodities such as gold, silver and oil for three years, but the regulator balked, citing unresolved regulatory overlap issues with the Commodity Futures Trading Commission.

The Chicago Board Options Exchange, the International Securities Exchange and the Philadelphia Stock Exchange are planning to start trading options on streetTRACKS Gold Shares ETFs (GLD) next month, making their first foray into commodities. Options exchanges have been trying to convince the Securities and Exchange Commission to let them trade options on commodities such as gold, silver and oil for three years, but the regulator balked, citing unresolved regulatory overlap issues with the Commodity Futures Trading Commission.

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