The Chicago Board Options Exchange (CBOE), located at 433 West Van Buren
Street in
Chicago
(''City in a Garden''); I Will
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, is the largest U.S.
options exchange with an annual trading volume of around 1.27 billion at the end of 2014. CBOE offers options on over 2,200 companies, 22
stock indices, and 140
exchange-traded funds (ETFs).
The
Chicago Board of Trade established the Chicago Board Options Exchange in 1973. The first exchange to list standardized, exchange-traded stock options began its first day of
trading
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct excha ...
on April 26, 1973, in celebration of the 125th birthday of the Chicago Board of Trade.
The CBOE is regulated by the
Securities and Exchange Commission and owned by
Cboe Global Markets
Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.
History
Founded in 1973 by the Chicago Board of Trade and member owned for several decades, on March 11, ...
.
Contracts offered
Cboe (and other national options exchanges) offers options on the following, and others:
Cboe calculates and disseminates the CBOE Volatility Index (
VIX), the
CBOE S&P 500 BuyWrite Index The CBOE S&P 500 BuyWrite Index (ticker symbol BXM) is a benchmark index designed to show the hypothetical performance of a portfolio that engages in a ''buy-write'' strategy using S&P 500 index call options.
Description
The term buy-write is use ...
(BXM), and other indices.
[Warner, A., ''Options Volatility Trading: Strategies for Profiting from Market Swings'' ( New York: McGraw Hill Professional, 2009).]
See also
*
Chicago Board of Trade Building
The Chicago Board of Trade Building is a 44-story, Art Deco skyscraper located in the Chicago Loop, standing at the foot of the LaSalle Street canyon. Built in 1930 for the Chicago Board of Trade (CBOT), it has served as the primary trading v ...
*
Commodity Futures Trading Commission
*
Derivatives market
The derivatives market is the financial market for derivatives, financial instruments like futures contracts or options, which are derived from other forms of assets
In financial accounting, an asset is any resource owned or controlled by a ...
*
List of futures exchanges
*
National Stock Exchange (Jersey City, New Jersey)
*
OneChicago
*
Options Clearing Corporation
Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luth ...
*
Volatility Index
References
External links
Cboe
{{World Federation of Exchanges
Financial services companies established in 1973
1973 establishments in Illinois
Companies based in Chicago
Economy of Chicago
Stock exchanges in the United States
Options exchanges in the United States
Options (finance)