Chicago Board Options Exchange - CBOE

The Chicago Board Options Exchange - CBOE - is located in Chicago, Illinois at 400 South La Salle Street. This is considered the largest options exchange in the United States. It was founded in 73 by the Chicago Board of Trade. It is regulated by the Securities and Exchange Commission - SEC. This exchange offers exchange traded funds, stock in dices, and options on more than 2200 companies. The Options Clearing Corporation, commonly known as OCC, clears the contracts. The CBSX launched by the CBOE in 2007 competes today with the NYSE, and also the NASDAQ, and with other regional exchanges. The parent company CBOE Holdings, Inc. became public in 2010. The share price went for $29. The Chicago Board Options Exchange website is cboe.com.

Trading thru the Chicago Board Options Exchange is done through its Hybrid system - electronically and through the floor trading system or open outcry. Most orders are done electronically, a large percentage (95). The transactions done via open outcry are more complex and large transactions that require the floor brokers to work on them, most likely they are institutional transactions.

Some of the options offered by the Chicago Board Options Exchange include S&P 500 index, S&P 100 index, S&P 500 Depositary Receipts, Dow Jones Industrial Average, NASDAQ 100 index, Altria, General Electric, Microsoft, Dow Diamond Trust, Brazil San Paulo Stock Exchange, Wilshire 5000, S&P Latin American 40, NASDAQ Composite, and many others.

This entity focuses on options related to indexes, individual equities, and interest rates. It also focuses in electronic trading and technology. It focuses in the development of new product. It operates through a C2 Platform, and has a maker-taker model (pricing) similar to other exchanges such as NYSE Arca, NASDAQ, and the Boston Options Exchange. The CBOEdirect platform supports the CBOE futures exchange - CFE, the OneChicago and the CBSX- the CBOE Stock Exchange. In 2008, the CBOE received the award of US Options Exchange of the Year (Futures & Options Worlds). Its website offers a complete view of the entity and is full of information for consumers, as well as the press, with educational and informative material, latest's news and products, trading data, tools, strategies, trading resources, advisors, and much more. It is one of the most complete sites.

Among the index related products it handles large-cap indexes, small-cap indexes, and Micro-cap indexes. In addition, Volatility indexes and CBOE interest rate products. Thanks to its Hybrid technology of trading - electronic - open cry - face-to-face - customers can access deeper markets and trade from different locations; real time quotes are submitted, as well as reflected.

CBOE utilizes technology to its advantage and it has established the Options Institute, and educational effort to educate investors and consumers about options. This educational effort was created in 1985. In addition, CBOE also hosts another educational and informative venue CBOE TV. This effort features online programs, on market developments, podcasts, practical information, and strategies. The CBOE Media Hub addresses the needs for information of the press, geared for the informational needs of reporters. Topics include market regulation, products, multi media releases, press releases, bios, and much more.