The system will debut with trading of options on the Dow Jones Industrial Average(SM) Index (DJX). In subsequent weeks, options on the Russell 2000® Index (RUT) and S&P 100® Index (OEX®& XEO(SM)) will be available for trading as well. The system will operate from 7:00 a.m. to 8:15 a.m., prior to the opening of regular trading, which begins at 8:30 a.m. (Chicago time).
"CBOEdirect, built entirely in-house, exemplifies the technological innovation for which CBOE has been recognized for 28 years," said William J. Brodsky, Chairman and CEO of the Chicago Board Options Exchange. "This new screen-based trading platform will provide investors with an exciting new opportunity to trade index options during extended trading hours."
CBOEdirect actually replicates CBOE's trading floor on a screen, with liquidity providers making two-sided, continuous markets. An unprecedented technological achievement, CBOEdirect provides access to the entire options universe on a screen-based system.
SLK-Hull Derivatives, LLC; LaSalle Capital Markets, LP; LETCO DPM, LP; CTC, LLC; and Knight Financial Products are participating as Lead Market Makers (LMMs) for the platform's extended trading hours session.
CBOE, the world's largest options marketplace and creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com
