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The CBOE says it hasn't made a decision about the new exchange's model. Exchange execs are in discussions with members and member firms about what might be the "most attractive and competitive market structure" for the exchange, according to the CBOE. However, in a sign that it will be geared toward fast players, the CBOE announced that the exchange's primary data center will be in the New York metropolitan area. The location of the data center is important to reduce latency for firms whose trading engines are in New York and northern New Jersey. The CBOE's data center is in Chicago. Codenamed "C2," the new platform will complement the CBOE's marketplace, which offers market makers a guaranteed percentage of incoming marketable orders. William Brodsky, the CBOE's chairman and CEO, said in September that the new exchange would "complement our Hybrid marketplace by expanding our customer reach, thus enhancing CBOE's competitive position."