Chicago Board Options Exchange


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Chicago Board Options Exchange (CBOE)

A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index)
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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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Chicago Board Options Exchange (CBOE)

A securities exchange established in 1973 as the nation's first organized floor for trading standardized options. Although its success spawned option trading on a number of other exchanges, the CBOE remains the most active options exchange in the country. Unlike most exchanges that use a specialist system of trading, the CBOE uses market makers who compete among themselves for trades. See also board broker.
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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References in periodicals archive ?
The Chicago Board Options Exchange Volatility Index (VIX) added 19 percent to 20.44, its biggest jump of the year.
VOLATILITY spiked during the recent equity pullback, rising from 15 to 26 (as measured by the Chicago Board Options Exchange Market Volatility Index or VIX) in the course of eight days.
economic news, the Chicago Board Options Exchange Volatility Index, a measure of investor uncertainty, fell 4.3 percent to 11.07.
While worst-case outcomes may have been averted, the outage still is among the most serious in a series of recent technological failures to hit the US securities business, including a software issue at the Chicago Board Options Exchange this spring that delayed the start of trading there for half a day.
Customers include major trading and clearing venues in Europe and North America such as Alpha Exchange, Chicago Board Options Exchange, Deutsche Borse, London Metal Exchange and NYSE Liffe.
Since 1987 he has used his quantitative and modeling skills in financial markets, trading options and futures, and providing consulting services to trading clients at the Chicago Board Options Exchange, Chicago Mercantile Exchange, and the Chicago Board of Trade.
Among the ways carriers are passing some of the risk associated with withdrawal and income guarantees on to investors is by tying the actual fee they charge for a living benefit rider to a volatility index, as SunAmerica did in 2010 by linking fees for some of its VA riders to the VIX, the Chicago Board Options Exchange's index of S&P 500 equity volatility.
The index's real name is the Chicago Board Options Exchange Market Volatility Index.
And the daily volume put/call ratio for equity options on the Chicago Board Options Exchange hit an 18-month high Wednesday, indicating that investors are significantly bearish on the stock market.
The Chicago Board Options Exchange (CBOE) says a record 1.1 million VIX options were traded on the Tuesday after the earthquake in Japan, far more than any single day of trading even during the financial crisis.
Exchanges on which the index derivatives can be listed include Brazil's BM&F Bovespa, Chicago Board Options Exchange, Eurex, the Korea Exchange, NYSE Liffe, and Hong Kong Exchanges and Clearing.
Exxon's shares rose 3 per cent, outperforming a 2.2 per cent gain in the Chicago Board Options Exchange index of oil companies.

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