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Big exchanges attack new Chicago trading floor plan

from Crain's Chicago Business

New York's big exchanges are attacking the Box Options Exchange plan for a new trading floor in Chicago, but Box's CEO isn't backing down. Last week, the New York Stock Exchange and Nasdaq, which operate their own options exchanges, sent letters to the Securities & Exchange Commission mainly complaining that Box's proposal wasn't clear enough. While Nasdaq said it didn't oppose or support the Box idea, the New York Stock Exchange, a unit of IntercontinentalExchange, essentially gave it a thumbs-down. more


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