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 ?
Michael Blaugrund, currently Head of Transactions at the NYSE, has been promoted to Chief Operating Officer, overseeing strategy and operations of NYSE Group's five equities exchanges and two options exchanges. Blaugrund, who joined the NYSE from Tower Research Capital in 2016, served as the NYSE's Head of Equities before ascending to his current role.
With its launch, MIAX Emerald joins current options exchanges MIAX Options and MIAX PEARL as part of the MIAX Exchange Group.
company, and a leading operator of equities and options exchanges in the United States, announced today that it is planning to launch new complex order functionality on its EDGX options exchange.
This follows Nasdaq's announcement that it has agreed to acquire International Securities Exchange (ISE), an operator of three electronic options exchanges, from Deutsche Borse Group for $1.1 billion.
options exchanges, ISE and ISE Gemini, and provides a trading experience to its member firms through its patented market structure, technology, unique functionality for trading complex orders, and customer service.
FINRA Chairman and CEO Richard Ketchum said in a statement that the agreement with the two options exchanges will position it to "conduct cross-market surveillance on approximately 60% of the options market.
Membership of the exchange is a key step forward in the expansion of our futures and options coverage, and enhances our trading offering to clients in the MENA region and increases our connectivity to 24 worldwide futures and options exchanges through one dealing platform.
Established in 1961, WFE is the trade association of 52 publicly regulated stock, futures and options exchanges which is responsible for the functioning of key components in the financial world.
BOX, ranking seventh among US eight options exchanges, had preliminary contacts on a deal with the four retail brokerages, McCormick said, adding that the options exchange will not be issuing new shares.
He added his board was interested in promoting options exchanges in Asia, noting that a large chunk of its business was derived outside the United States.
Some derivative products, such as options on securities, can be standardized products traded on options exchanges; others, such as currency and interest rate swaps, often are customized to suit the needs of individual end users, and purchased and sold in the over-the-counter market.
A Fortune 500 company and the parent company of the New York Stock Exchange, Intercontinental Exchange operates a network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets.