10% of CBOE staff opts for severance package

About 10 percent of the staff of the Chicago Board OptionsExchange has signed up for a proposed severance package designed tocut costs, officials said Tuesday.

But not all of those 100 employees will get to give themselvesthe ax. Exchange officials said that the number of employees whoaccepted the severance package was slightly greater than expected.

"We don't plan to accept all that have been submitted," saidCBOE President Chuck Henry.

"We will be looking at the positions to determine how centralthey are to exchange operations and make judgments on that basis," hesaid.

Trading floor and office workers were offered one month's payfor each …