CHICAGO, IL / ACCESSWIRE / April 27, 2023 / On April 26, 1973, Cboe Global Markets (BATS:CBOE) introduced the world to publicly-listed options with strikes and expiration dates. The financial markets were forever changed.
50 years later, Cboe's innovation unlocked a new avenue for investing and hedging for hundreds of hedge funds and thousands of traders, and its innovation did not stop there. Cboe is responsible for the creation and perfection of most of the world's options products. It has produced eight kinds of Index Options, four volatility-derivative products (including the volatility index itself), two corporate credit and interest rate futures and countless other products like Cboe Minis, FLEX Options and LEAP options.
The innovation expressed through its products is reflected in Cboe's markets. The first listed options marketplace, the first alternative venue to traditional equity markets and the first electronic communication network (ECN) for the institutional foreign exchange market all belong to Cboe. Since the first publicly-listed options contract in 1973, the options trading community's growth has been nothing short of spectacular.
Here are some metrics that reflect the options community's growth:
From listing the first options contract with strikes and expiration dates to recording 3.4 billion traded contracts in 2022, Cboe's options journey has certainly been one to watch. If the past is any indication of the future, investors can expect Cboe to continue building the financial products the industry relies on.
Featured Photo by Pedro Lastra on Unsplash
Contact:
Michele Ormontmormont@cboe.com
SOURCE:Cboe Global Markets, Inc.
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