CBOE Readies Screen-Based Trading Platform

EXCHANGE TECHNOLOGIES

CHICAGO--The Chicago Board Options Exchange, the world's largest options exchange, plans to launch its screen-based electronic trading system, CBOE Direct, on June 1. The new system will be available for traders during pre-market hours and will host S&P 100 Index options, Dow Jones Industrial Average options and the Russell 2000 Index.

Jerry O'Connell, head of technology at CBOE, says the trend toward electronic trading prompted the development of CBOE Direct. The exchange currently employs a

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