Chicago-based Box Options is building an open-outcry trading floor in a bid to attract traders who prefer floor trading for big orders. Many trading floors have been closed in favour of more efficient and transparent electronic systems over January. But Ed Boyle, CEO of parent company Box Holdings Group, said that while many people would like to see less floor trading, "there are some types of trades that are better suited to the floor". He hopes to open the trading floor in the past two decades.
Chicago-based Box Options is building an open-outcry trading floor in a bid to attract traders who prefer floor trading for big orders. Many trading floors have been closed in favour of more efficient and transparent electronic systems over the past two decades. But Ed Boyle, CEO of parent company Box Holdings Group, said that while many people would like to see less floor trading, "there are some types of trades that are better suited to the floor". He hopes to open the trading floor in January.