Box wants to attract new shareholders
“The relationship is difficult from a regulatory point of view,” said McCormick. “And we get no benefit whatsoever in terms of order flow.” The Canadian exchange group, which operates the Toronto Stock Exchange and Bourse de Montréal, owns 54% of the US options platform.
“We’re looking to the retail sector to diversify our shareholding,” McCormick stated.
Volumes have remained sluggish on the exchange. Some 8.3m contracts were traded last month, giving Box a 2.7% market share. Year to date volumes are down 44.7% on 2009.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you