CBOE
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CBOE
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Chicago Board Options Exchange
The largest options exchange in the United States by trading volume. Established in 1973, option contracts on more than 2000 companies and indices trade on the CBOE. Its trading floor uses a hybrid system; that is, investors may choose whether to use the open outcry format or to conduct trades electronically. It was the first exchange to offer exchange-traded options.
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CBOE
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
Chicago Board Options Exchange (CBOE).
The CBOE, often pronounced "see-bo," is the largest options market in the world. Founded in 1973, the market specializes in trading options contracts on individual equities, indexes, and interest rates.
Over the years, the CBOE has been instrumental in developing a variety of new options-related financial products. One example is the FLEX option, which the CBOE introduced in 1993 to allow investors to add specific provisions to options contracts.
The market is also known for being on the cutting edge of advanced trading technologies, including electronic trading.
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