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Tag Archives: David Krell

Ivers Riley: A Man for All Markets Blog,Commentary,Options

There are pioneers, innovators and leaders in every industry. Ivers Riley is one of the rare individuals to wear all three titles. Riley, who died February 17, 2015, at the age of 82, is one of those executives who was part of several transformational events in the financial markets’ history, including: the early stages of the options industry; the creation of exchange traded funds, one of the most successful products in the history of financial markets; two critical periods at the Hong Kong exchanges; and a key player at the International Securities Exchange, which ushered in fully-electronic options markets. Options…

The CME Should Buy the CBOE Soon Commentary

John Lothian

The CME Group should buy the CBOE soon. I can’t believe I am writing this, but that is  the conclusion I have come to. The reason why is that if they don’t act soon, the CBOE may become too expensive to justify buying. The CBOE stock price was up 76 percent last year and its market cap is $4.3 billion. The CME’s stock was up 55 percent, still outperforming the market, but not the CBOE. CME’s market cap stands at $25 billion, just a shade above InterContinentalExchange’s (ICE)  $23.7 billion. The other reason is that the CME is the natural…