BOX Options Venue Files With SEC for Its Own Exchange License
This article is for subscribers only.
BOX Options Exchange LLC, owned by the operator of the Toronto Stock Exchange and seven brokers including Citadel LLC and Interactive Brokers Group Inc., filed to become a U.S. securities exchange.
TMX Group Inc., which owns 53.8 percent of BOX, will limit its equity stake in the self-regulatory organization, the entity registered with the U.S. Securities and Exchange Commission that will operate the market, to 40 percent and its voting share to 20 percent, BOX Chief Executive Officer Anthony McCormick said in a phone interview. The Toronto company will continue to own the same portion of the BOX parent, he said.