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CBOE Has Better Idea and Pushes New Penny Plan

Traders Magazine, December 2008

Peter Chapman

The Chicago Board Options Exchange, upset by the impact of the penny pilot on options trading, has proposed a more muted version of the pilot to the Securities and Exchange Commission once the pilot ends. Currently, 63 options classes are trading in either penny or nickel increments, depending on their prices, as part of a pilot program that ends next March.

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