BOX Options Gets SEC Approval to Run U.S. Market as Own Exchange

From bloomberg.com

BOX Options Exchange LLC, owned by the Toronto Stock Exchange operator and seven brokers including Citadel LLC and Interactive Brokers Group Inc. (IBKR), won approval today to become a U.S. securities exchange. TMX Group Inc. (X), which owns 53.8 percent of parent company BOX Holdings Group LLC, will limit its equity stake in the self- regulatory organization, the entity registered with the U.S. Securities and Exchange Commission that will operate the market, to 40 percent and its voting share to 20 percent, according to the document. Interactive Brokers will have 20 percent of BOX Holdings. Citadel, ... (full story)