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StumbleBrief: LV firm’s stock options now traded
Thursday, Oct. 8, 1998 | 2:25 a.m.
According to Geoffrey Sage, corporate controller for Anchor, companies have little influence over whether a stock exchange trades their options -- the boards simply trade companies that meet their minimum financial criteria. In fact, Sage said, the Chicago Board was the only exchange to notify Anchor of its plans.
The Chicago Board told Sage that companies trading on multiple exchanges benefit from more liquidity and lower stock price volatility.
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