FOR IMMEDIATE RELEASE
CBOE CREATES NEW BENCHMARK INDEX BASED ON PUBLICLY TRADED EXCHANGES
CHICAGO, January 26, 2006
- The Chicago Board Options Exchange (CBOE) announced today its creation of the CBOE Exchange Index, a new benchmark index based on the stock prices of publicly traded exchanges. CBOE plans to begin disseminating the new index on Monday, January 30, 2006, under the symbol "EXQ."
"The trend of U. S. financial exchanges becoming publicly traded entities has been widely publicized over the past year or two, creating considerable buzz among investors," said CBOE Chairman and CEO William J. Brodsky. "The CBOE Exchange Index captures this 'exchange space' and will provide an essential composite look at this new market, and will provide the benchmark that investors and analysts will use as the indicator for this emerging business sector. We expect to list options and futures on the EXQ in the very near future, giving investors a convenient and efficient means to trade this nascent exchange sector."
"CBOE continues to forge new ground with the creation of innovative new indexes that become essential investor tools," said CBOE Vice Chairman Edward T. Tilly. "We expect the CBOE Exchange Index to quickly become a familiar benchmark, just as the CBOE Volatility Index (VIX) and the CBOE S&P 500 BuyWrite Index (BXM) have, while EXQ options and futures will provide an array of new trading opportunities."
The CBOE Exchange Index (EXQ) is initially composed of five security and futures exchanges, all of which are traded either on the New York Stock Exchange or the NASDAQ Stock Market. Initially, the CBOE Exchange Index will include CBOT Holdings, Inc. (BOT), Chicago Mercantile Exchange Holdings, Inc. (CME), IntercontinentalExchange (ICE), International Securities Exchange, Inc. (ISE), and Nasdaq Stock Market Inc. (NDAQ). The New York Stock Exchange will be added to the Index at the next quarterly re-balancing, following its initial public offering. The Index is an equal-dollar weighted, narrow-based security index, and will be re-balanced on a quarterly basis. More information and historical data will be available on the CBOE website.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the SEC. For additional information about the CBOE and its products, access the CBOE website at: http://www.cboe.com/