Now facing seven rival options markets and looking to innovate, CBOE has asked the SEC for...

|About: CBOE Holdings (CBOE)|By:, SA News Editor

Now facing seven rival options markets and looking to innovate, CBOE has asked the SEC for permission to list options that expire within one day. The operator of the largest options exchange says contracts of 1-4 days in duration would help companies hedge overnight and weekend risks at a fraction of today's costs.