The exchange plans a rolling conversion of all its index products, including the blockbuster S&P 100 (OEX) index, to CBOE Hybrid in the same way that it converted its equity options products in the last twelve months. CBOE holds the largest market share of index options products in US with nearly 70 million contracts trading in the first half – almost all by open outcry.
The transfer to online trading of CBOE’s complete suite of index contracts is likely to follow the successful migration earlier this year of the Russell 2000 index (RUT), the first of the CBOE’s index product to convert to Hybrid, the exchange’s electronic quoting and trading system. CBOE Hybrid has been strongly supported by actant software, with over 160 traders and market makers now actively using the company’s AQTOR mass quoting software.
Urs Rutschmann, ceo of actant, said “After the massive success of our equity options product on CBOE, it made sense to adapt AQTOR to work for CBOE index products, as the exchange converts them to the Hybrid system. We expect the same level of success for index options, as we invest in providing our users the best products and the best support available in the industry.”
actant is a leading provider of automated quote management solutions for market makers. In Europe, AQTOR offers market connectivity to Eurex/Xetra and the Euronext markets including Liffe, Amsterdam and Paris. In the US, AQTOR offers connectivity to the ISE, CBOE, PCX, BOX, eCBOT and soon PHLX and AMEX Exchanges.
