The S&P 100 Index options are now the third product available for extended trading hours on CBOEdirect, as the system's gradual expansion continues. CBOEdirect debuted on October 26, 2001 with trading of options on the Dow Jones Industrial Average(sm) Index (DJX). On December 14, 2001, options on the Russell 2000® Index (RUT) began trading in extended trading hours on CBOEdirect.
CBOEdirect actually replicates CBOE's trading floor on a screen, with liquidity providers making two-sided, continuous markets. CBOEdirect operates 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).
Timber Hill is participating as the initial Lead Market Maker (LMM) for the platform's extended trading hours session in the S&P 100 Index options.
CBOE, the world's largest options marketplace and the 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.
