CBOE Holdings, Inc., through its subsidiaries, operates as an options exchange and creator of listed options in the United States. The company's principal business is operating markets that offer for trading options on various market indexes (index options), mostly on an exclusive basis, and futures contracts, as well as on non-exclusive ‘multiply-listed’ options, such as options on the stocks of individual corporations (equity options) and options on other exchange-traded products (ETPs), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The company operates three exchanges. CBOE (Chicago Board Options Exchange, Incorporated) is the company’s primary options market and offers trading in listed options through a single system that integrates electronic trading and traditional open outcry trading on its trading floor in Chicago. This integration of electronic trading and traditional open outcry trading into a single exchange is known as its Hybrid trading model. CBOE Futures Exchange, LLC (CFE), the company’s all-electronic futures exchange, offers trading of futures on the VIX Index and other products. C2 is the company’s all-electronic exchange that also offers trading for listed options. All of its exchanges operate on its proprietary technology platform known as CBOE Command. Strategy The key elements of the company’s strategy include expanding the use of its products domestically and internationally; developing innovative proprietary products that meet the needs of the derivatives industry and complement its core products, both through strategic relationships and internal development; enhancing its trading platform by continuing to invest in hardening and augmenting the functionality and capacity of its trading systems and by developing the next generation of trading technology, CBOE Vector; and evaluating strategic opportunities that leverage and complement its core business. Products The company’s exchanges provide a marketplace for the trading of options and futures contracts that meet criteria established in the rules of the respective exchange. The options contracts listed for trading include options on indexes, equities and ETPs. In addition, the company provides a marketplace for trading futures contracts through CFE. Types of Products Index Options: The company offers trading in options on different broad-based market indexes, including the VIX Index, a proprietary index that it developed. Equity Options: The company offers trading in options on the stocks of approximately 3,300 corporations. The stocks underlying its individual equity options are listed on equity stock exchanges. Options on ETPs: The company offers trading in options on approximately 500 ETFs and ETNs based on various domestic and foreign market indexes, as well as on volatility, commodities, currencies and fixed income instruments. Futures: The company provides a marketplace for trading four futures products through CFE. CFE focuses on the trading of futures using the CBOE-created VIX methodology, but also provides trading in S&P 500 Variance futures. Proprietary Products The company has developed its own proprietary indexes and index methodologies. These include volatility indexes based on various broad-based market indexes (such as the S&P 500, the S&P 100, the Russell 2000, the Dow Jones Industrial Average (DJIA) and the NASDAQ 100), volatility indexes based on ETFs and individual stocks, the CBOE S&P 500 Implied Correlation Index and a series of options strategy benchmarks, including BuyWrite, PutWrite and Collar indexes based on the S&P 500 and Russell 2000 and BuyWrite indexes based on other market indexes. Strategic Relationships S&P 500 and S&P 100 Indexes: The company has the exclusive right to offer options contracts on the S&P 500 Index and the S&P 100 Index as a result of a licensing arrangement with S&P OPCO LLC. The company’s license with S&P OPCO LLC is through December 31, 2033, with an exclusive license to trade options on the S&P 500 Index through December 31, 2032. The company is also authorized to use the S&P 500 Index and S&P 100 for the c
cboe holdings inc (C67:Berlin)
400 South LaSalle Street
Chicago, IL 60605
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for C67.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CBOE HOLDINGS INC, please visit www.cboe.com. Company data is provided by Capital IQ. Please use this form to report any data issues.