Chicago Board Options Exchange

The parent of the <a class="taxInlineTagLink" id="PLCUL0000105" title="Chicago Board Options Exchange" href="/topic/business/macroeconomics/stock-market/chicago-board-options-exchange-PLCUL0000105.topic">Chicago Board Options Exchange</a> said in October of 2011 that it has held talks with a number of governors and state officials about a possible move of its headquarters to another state after Illinois raised its tax rate. <a class="taxInlineTagLink" id="PEHST000284" title="Joseph Brodsky" href="/topic/arts-culture/joseph-brodsky-PEHST000284.topic">Joseph Brodsky</a>, the head of the exchange, said that <a class="taxInlineTagLink" id="PLGEO0100100501250000" title="Chicago" href="/topic/us/illinois/cook-county/chicago-PLGEO0100100501250000.topic">Chicago</a>'s derivatives exchanges form the nucleus of a broader financial services sector that is also being hit by the state's tax rise.

The parent of the Chicago Board Options Exchange said in October of 2011 that it has held talks with a number of governors and state officials about a possible move of its headquarters to another state after Illinois raised its tax rate. Joseph Brodsky, the head of the exchange, said that Chicago's derivatives exchanges form the nucleus of a broader financial services sector that is also being hit by the state's tax rise.

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