The Chicago Board Options Exchange, Incorporated filed with the Securities and Exchange Commission a notice of filing and immediate effectiveness of proposed rule change to extend two pilot programs allowing Remote Market Makers (RMMs) and Electronic DPMs (e-DPMs) the ability to have one separate affiliated Market Maker physically present in the trading crowds where they operate as an RMM or e-DPM, respectively.

In July 2003, the SEC approved the e-DPM program, including the pilot program. The pilot allows e-DPM firms to maintain a physical presence in the trading crowd through an affiliated Market Maker which also would be able to stream a quote. The pilot limits the number of separate affiliates per trading crowd to one. In March 2005, the SEC approved the RMM program, including the pilot program. The pilot allows RMM firms to maintain a physical presence in the trading crowd through an affiliated Market Maker which also would be able to stream a quote. The pilot limits the number of separate affiliates per trading crowd to one. Under the proposed rule change, the pilots would be extended from March 14, 2007 until March 14, 2008.

http://www.sec.gov/rules/sro/cboe/2007/34-55438.pdf