LIME BROKERAGE TO ACQUIRE MINORITY INTEREST IN CBOE STOCK EXCHANGE, LLC
NEW YORK and CHICAGO - January 8, 2008
- CBSX and Lime Brokerage announced today that Lime has acquired a minority interest in the CBOE Stock Exchange, LLC (CBSX), a subsidiary of the Chicago Board Options Exchange (CBOE).
"We are pleased to have the opportunity to invest in CBSX," said Lime's Chief Executive Alistair Brown. "Lime looks for trading venues that offer unique pools of liquidity for Lime's customers to interact with. CBSX offers a displayed and non-displayed market for Lime's customers to provide liquidity for CBOE options traders' hedging activity. We believe this market structure is good for our customers and CBOE's option traders seeking to hedge their options positions."
David Harris, CBSX's Chief Executive Officer, said, "We are excited that Lime has chosen to invest in CBSX. Not only is Lime among Nasdaq's largest liquidity providers, but Lime has also demonstrated its ability to support the development of new market centers."
Financial terms of the investment were not disclosed.
Lime Brokerage Holdings LLC is the parent company of Lime Brokerage LLC, a technologically advanced brokerage firm based in New York City that caters to a diverse and sophisticated customer base. Lime's clients include professional traders, hedge funds, asset managers, and other broker-dealers. For more information, please visit www.limebrokerage.com or call Andrea Cohen at 212.219.6079.
CBOE Stock Exchange (CBSX) is a fully electronic, Regulation NMS compliant marketplace, offering strict price-time priority for all participants. CBSX offers trading in 2,900 of the most actively traded New York Stock Exchange, American Stock Exchange and NASDAQ Stock Market listed and Over-the-Counter securities as well as Exchange Traded Funds (ETFs).Launched in March 2007, CBSX is a subsidiary of the Chicago Board Options Exchange (CBOE). For more information about CBSX, including listings, access and fees, visit www.cbsx.com.
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CBOE Stock Exchange and CBSX are service marks of CBOE Stock Exchange, LLC. CBOE®, Chicago Board Options Exchange®and CBOEdirect® are registered trademarks of Chicago Board Options Exchange, Incorporated.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
In connection with the proposed restructuring transaction, CBOE Holdings, Inc. ("CBOE Holdings") has filed certain relevant materials with the United States Securities and Exchange Commission (SEC), including a registration statement on Form S-4. Members are encouraged to read the registration statement, including the proxy statement/prospectus that are a part of the registration statement, because it contains important information about the proposed transaction. Members are able to obtain a free copy of the proxy statement/prospectus, as well as the other filings containing information about CBOE Holdings and the Chicago Board Options Exchange, Incorporated ("CBOE"), without charge, at the SEC's Web site, http://www.sec.gov/, and the companies' website, www.cboe.com. In addition, CBOE members may obtain free copies of the proxy statement/prospectus and other documents filed by CBOE Holdings or the CBOE from CBOE Holdings by directing a request to the Office of the Secretary, CBOE Holdings, Inc., 400 South LaSalle Street, Chicago, Illinois 60605.
CBOE Holdings, the CBOE and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CBOE Holdings and of the CBOE is available in the prospectus/proxy statement.
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