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NYSE Looks at Options: The Options Business Ain't What It Used to Be

Traders Magazine, August 2005

Mark Longo

(Traders Magazine, August 2005) -- Unless you have been living in a monastery for the last six months, you have undoubtedly heard about the earthshaking merger between NYSE and ArcaEx/the Pacific Coast Exchange (PCX). Although this merger has caused a great deal of consternation on Wall Street, the shockwaves are also being felt in the endless war zone of the Chicago option markets. The delicate balance of power that has existed for the past few years has just been turned on its ear, and the new battle lines may change the way securities are traded in the U.S.

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