Chicago Is Getting a New Open Outcry Trading Floor
- BOX Options Exchange wins SEC approval for open-outcry trading
- Much of U.S. options trading is still done face-to-face
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Chicago will get its first new open-outcry trading floor in years after BOX Options Exchange won regulatory approval to open a new one at a time when trades are increasingly done on computer screens.
BOX said in a statement Wednesday that it has authorization from the U.S. Securities and Exchange Commission, so the floor will open later this month in leased space at the Board of Trade complex in downtown Chicago.