The Chicago Board Options Exchange (CBOE), located at 433 West Van Buren
Street
A street is a public thoroughfare in a built environment. It is a public parcel of land adjoining buildings in an urban context, on which people may freely assemble, interact, and move about. A street can be as simple as a level patch of dirt, ...
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
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the ...
, and 140
exchange-traded fund
An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the ...
s (ETFs).
The
Chicago Board of Trade
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other excha ...
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 exchan ...
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
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...
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
VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated ...
), 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
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
: 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 ve ...
*
Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
The Commodity Exchange Ac ...
*
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.
The market can be divided into two, that for exchange-traded derivatives an ...
*
List of futures exchanges
This is a list of notable futures exchanges. Those stock exchanges that also offer trading in futures contracts besides trading in securities are listed both here and the list of stock exchanges.
Africa Kenya
* Nairobi Securities Ex ...
*
National Stock Exchange (Jersey City, New Jersey)
The National Stock Exchange (NSX) is an electronic stock exchange based in Jersey City, New Jersey. It was founded March 1885 in Cincinnati, Ohio, as the Cincinnati Stock Exchange.
In 1995, it moved headquarters to Chicago, Illinois, and i ...
*
OneChicago
OneChicago was a US-based all-electronic futures exchange with headquarters in Chicago, Illinois. The exchange offered approximately 12,509 single-stock futures (SSF) productshttp://www.onechicago.com/?page_id=1129 with names such as IBM, Appl ...
*
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)