CBOE Holdings considering move from Illinois

Chicago-based CBOE Holdings Inc., parent of the Chicago Board Options Exchange, is holding talks with officials of several states about a possible move of its headquarters.

With its action, the CBOE joins the CME Group Inc., the world’s largest futures exchange operator, in considering relocating its headquarters because of an increase in Illinois’ tax rate to 7 percent from 4.8 percent.

CBOE chairman Bill Brodsky told the Chicago Tribune the exchange does not want to leave, but the state’s tax structure as it relates to the exchange “is virtually punitive.”

CME Group has held discussions with at least five states about moving its headquarters and several hundred staff members. However, its main trading floor and other functions would remain in Chicago.

Both exchange operators are talking with Illinois officials.