option exchange

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Option Exchange

A securities exchange that primarily or exclusively trades option contracts. Often, options are traded on an exchange along with futures and other derivatives. However, some exchanges, like the CBOE, specialize in option transactions.

option exchange

An organized securities exchange, the primary purpose of which is to provide a location and framework for trading standardized option contracts. An option exchange handles its trading much as a stock exchange handles its trading in stocks and bonds. Until 1973, with the opening of the Chicago Board Options Exchange, all options were traded through a limited number of firms specializing in them. Most of the options traded at that time were so unique that it was difficult or impossible to close a position in one before its expiration.
References in periodicals archive ?
options exchanges now trade LEAPS, which CBOE created, trademarked and licensed.
4 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) introduced LEAPS(R) (Long-Term Equity AnticiPation Securities) on Oct.
equity options exchange and is among the leading options exchanges in the world.
ISE is the largest equity options exchange and is among the leading options exchanges in the world.
For more information about ISE and its options exchange, visit www.
Currently, these two actively-traded index options trade exclusively on the Chicago Board Options Exchange (CBOE) pursuant to licensing agreements between CBOE and Dow Jones & Company, the provider of the Dow Jones Industrial Average, and The McGraw-Hill Companies, Inc.