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.

http://www.cboe.org/publish/InfoCir/IC08-175.pdf