CBOE Holdings Inc., the parent company of the Chicago Board Options Exchange (CBOE) and the C2 Options Exchange (C2), has issued a news release announcing that CBOE and C2 are in discussions with the Financial Industry Regulatory Authority (FINRA) on a potential regulatory services agreement pursuant to which FINRA would provide regulatory services to the CBOE and C2 options markets. If terms can be agreed to, a regulatory services agreement could potentially be finalized within the next few months. The agreement may include the transition to FINRA of certain CBOE regulatory services staff and options surveillance staff. In that event, CBOE and C2 would still be responsible for the regulation of their markets and would maintain an in-house regulatory team to, at a minimum, manage CBOE and C2 regulatory oversight programs and oversee the FINRA regulatory services relationship. Regulation of the CBOE Futures Exchange is not anticipated to be part of the regulatory services agreement with FINRA.
Click here to read CBOE Holdings Inc.’s September 11, 2014 News Release.