Chicago Board Options Exchange
Chicago Board Options Exchange CBOE
Chicago Board Options Exchange. A Chicago-based securities exchange that revolutionized options trading by creating standardized, listed options in 1973. Before 1973, options were individually tailored and traded "over-the-counter" by a few put/call dealers. CBOE established a secondary market where options could be traded.
The growth in the use of options propelled CBOE to become the world's largest options exchange, and the second largest securities exchange in the US. Today, CBOE captures the largest share of the US options market by trading more than 700,000 option contracts daily.
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