option exchange

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 ?
a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced that its Board of Directors has approved a stock option exchange program for RF Micro Devices employees, subject to shareowner approval of the program at RFMD's 2005 annual meeting.
Under the proposed agreement, the Chicago facility, the world's largest option exchange, would be ``the successor entity.
In addition to better aligning the interests of employees with shareholders, the establishment of the option exchange program with these ratios is expected to reduce the number of shares of common stock subject to outstanding awards and the associated potential dilution.
Echelon Corporation (Nasdaq:ELON), the leading supplier of hardware, software and infrastructure products for the LonWorks(R) device networking market, announced today that its Board of Directors has approved a voluntary stock option exchange program for Echelon employees.
NYSE: BJ) announced that its shareholders approved each of the matters presented at today's annual meeting, including a one-time stock option exchange program for eligible employees.
Nasdaq:CRUS) announced today the successful completion of its employee stock option exchange program.
Nasdaq: RCOM), a leading provider of global domain name registration and Internet services, today announced that its Board of Directors has authorized a voluntary stock option exchange program for employees.
com) today announced that its Board of Directors has approved a stock option exchange program for ADC employees, subject to shareowner approval of the program at its annual meeting on March 4, 2003.
Genesys Conferencing (Euronext: 3955) (Nasdaq: GNSY), the world's leading conferencing specialist, announced it will offer employees a voluntary option exchange program whereby each eligible employee holding stock options will have the opportunity to surrender those options for new options to be granted under Genesys' existing plans.
Nasdaq:CRUS) announced today that its Board of Directors approved a voluntary stock option exchange program for its eligible employees.
SeeBeyond (Nasdaq:SBYN), the leading global provider of eBusiness and Application Integration (eAI) solutions, today announced a voluntary stock option exchange program for SeeBeyond employees.
Predictive Systems (Nasdaq: PRDS), a leading network infrastructure and security consulting firm, today announced the successful completion of its employee voluntary stock option exchange program.