SAN FRANCISCO, July 10 /PRNewswire/ -- In an exclusive story, CBS
MarketWatch (http://cbs.marketwatch.com) today broke news that the Pacific
Exchange and the Chicago Board Options Exchange were exploring the possibility
of a merger.
The special report by CBS MarketWatch reporter Brenon Daly said that the
exchanges have held at least two conference calls in recent weeks to discuss
partnering, and have estimated the initial cost savings at $30 million over
the coming two or three years.
"This is precisely the type of story that keeps CBS MarketWatch readers
ahead in today's markets," said Tom Murphy, CBS MarketWatch's managing editor.
"CBS MarketWatch is committed to providing the reliable information that
today's investors need to come out on top."
For more information on this important story, visit CBS MarketWatch's
front page at http://cbs.marketwatch.com and click on "Special Report." You
can also click the "News Index" and headline "Pacific Exchange looks to merge
with CBOE."
About CBS MarketWatch
CBS MarketWatch (http://cbs.marketwatch.com) is the World Wide Web's
premier financial news site. Led by President and CEO Larry Kramer and
Editor-in-Chief Thom Calandra, the CBS MarketWatch team of seasoned financial
journalists and analysts provides up-to-the-minute breaking news, analysis and
market data for individual and professional investors alike. From its
headquarters in San Francisco and bureaus in New York, Washington D.C., Los
Angeles, and London, CBS MarketWatch contributes financial and economic news
reports broadcast by the CBS Evening News and CBS radio and T.V. stations
nationwide. Launched Oct. 29, 1997, CBS MarketWatch is a joint venture between
CBS Inc. (NYSE: CBS) and Data Broadcasting Corporation (Nasdaq: DBCC), the
country's leading provider of real-time financial and market information.
SOURCE CBS MarketWatch
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Related links:
http://cbs.marketwatch.com
CONTACT:
Bruce Fienberg, 415-957-1705, or
bfienberg@middleberg-graham.com; or Lydia Graham , 415-957-1705,
or lgraham@middleberg-graham.com, both of Middleberg-Graham, for
CBS Marketwatch
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