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CBOE to shut stock-trading venue

from The Wall Street Journal

Exchange operator CBOE Holdings Inc. said it will shutter its stock-trading venue because the small exchange no longer fits into its strategic business plan. CBOE, the largest options-exchange operator by market share, will cease to operate its CBOE Stock Exchange at a date to be determined, according an exchange spokeswoman. "CBOE Holdings has determined it is no longer in the Company's strategic interests to pursue the stock business at this time. It will reserve the right to re-enter the stock business at a future date," the company said in a statement. more

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