Difference between revisions of "Chicago Board Options Exchange"

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| location = Chicago, Illinois
 
| location = Chicago, Illinois
 
| products = Market Making, Trading and Brokerage Software
 
| products = Market Making, Trading and Brokerage Software
| homepage= [http://www.cboe.com/ www.cboe.com]}}
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| homepage = [http://www.cboe.com/ www.cboe.com]}}
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Intro
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== History ==
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The CBOE was founded in 1973 as the first U.S. options exchange, trading standardized, listed options. On April 26, the first day of trading, 911 contracts were traded on 16 underlying stocks.
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The Options Clearing Corporation was formed two years later, and further standardization was made with the addition of the Black-Scholes pricing model.
 +
 
 +
In 1984, to keep up with its continuing growth, CBOE moved into its current 10-story building across the street from the CBOT and next to the Chicago Stock Exchange.  Annual volume in that year exceeded 100 million contracts for the first time.
 +
 
 +
Options on interest rate products were added in 1989, and the next few years saw more new products and tools, such as Long-term Equity AnticiPation Securities (LEAPS), FLEX options, and the VIX volatility index.
 +
 
 +
In 1998, its 25-year anniversary, CBOE annual volume surpassed 200 million contracts for the first time.  Subsequent years brought more changes in trading technology, such as the Designated Primary Market Maker system, the Rapid Opening System, and CBOEdirect.
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== Products ==

Revision as of 17:48, 20 August 2007

Chicago Board Options Exchange
Cboe logo.gif
Founded 1973
Headquarters Chicago, Illinois
Products Market Making, Trading and Brokerage Software
Website www.cboe.com

Intro

History

The CBOE was founded in 1973 as the first U.S. options exchange, trading standardized, listed options. On April 26, the first day of trading, 911 contracts were traded on 16 underlying stocks.

The Options Clearing Corporation was formed two years later, and further standardization was made with the addition of the Black-Scholes pricing model.

In 1984, to keep up with its continuing growth, CBOE moved into its current 10-story building across the street from the CBOT and next to the Chicago Stock Exchange. Annual volume in that year exceeded 100 million contracts for the first time.

Options on interest rate products were added in 1989, and the next few years saw more new products and tools, such as Long-term Equity AnticiPation Securities (LEAPS), FLEX options, and the VIX volatility index.

In 1998, its 25-year anniversary, CBOE annual volume surpassed 200 million contracts for the first time. Subsequent years brought more changes in trading technology, such as the Designated Primary Market Maker system, the Rapid Opening System, and CBOEdirect.

Products