CBOE Holdings Inc is open to licensing new products and acquiring technology but only within its options-focused comfort zone, top executives said on Tuesday. CBOE, which owns the largest U.S. stock-options market, is interested in new products the company can offer exclusively or semi-exclusively, Chief Executive Ed Tilly said in a webcast of a Keefe, Bruyette & Woods conference in New York.Regarding technology, the exchange operator is in the market for "a process or an offering that allows us to touch our customers earlier in their trading decisions or later," he said."We're certainly looking at a number of different things in the industry," Tilly said in response to a question about whether CBOE was open to mergers and acquisitions.CBOE, which operates the Chicago Board Options Exchange, has fought to boost its exclusive franchise in stock-index options, even as it faces a growing number of competitors vying for market share in options on individual stocks. Its exclusively listed contracts command much higher trading fees than any other of its products.
CBOE Holdings, Inc. (CBOE Holdings) is the holding company. Shares of CBOE traded higher by 0.22% or $0.11/share to $51.24. In the past year, the shares have traded as low as $29.11 and as high as $52.02. On average, 518383 shares of CBOE exchange hands on a given day and today's volume is recorded at 96437.
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