CBOE-Amex Study Rejects Its Model; Breeden Calls Pow Wow


A new study on multiple listing of options strongly opposes the recommendations of an earlier study sponsored by the Pacific, Philadelphia and New York stock exchanges' task force. The latest study, commissioned by the Chicago Board Options Exchange and the American Stock Exchange, rejects the earlier study's proposed Options Market Integration System (OMINTS) (Trading Systems Technology, Oct. 23,1989) for multiple trading of options.

The exchanges' lack of cooperation has prompted Richard Br