Plan for New Trading Pit Triggers Feud in U.S. Options Market

Box Options Exchange’s plan to create a new open-outcry floor has become a lightning rod issue, with exchanges and market makers filing critical letters

Traders on Wall Street have lamented the end of floor trading. Now, one exchange is trying to launch the first new open-outcry pit in the U.S. in decades

But rivals and trading firms aren’t rejoicing.

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