The Chicago Board Options Exchange (CBOE) has announced a plan to launch a second, all-electronic options exchange tentatively called the C2 Exchange. In Information Circular IC08-175, issued October 21, the CBOE stated that the C2 Exchange is intended to complement its hybrid marketplace by extending customer reach and enhancing its competitiveness with the recently formed NYSE/PCX/AMEX and NASDAQ/PHLX combinations. CBOE plans to discuss the most attractive and competitive structure for the C2 Exchange with members and member firms, with an anticipated 2009 launch subject to regulatory approval.