SEC Approves BOX Exchange License

Discussion in 'Wall St. News' started by Options12, Apr 28, 2012.

  1. Options12

    Options12 Guest

    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, Citigroup Inc., UBS AG and Credit Suisse Group AG will each own between 3.99 percent and 4.2 percent.