The Chicago Board Options Exchange (CBOE) announced that trading of the new CBOE Mini-NDX index (CBOE ticker symbol MNXSM) debuted successfully today. Trading in the new index product totaled 27,417 contracts, making MNX one of the most-active options at CBOE today. Officials at CBOE are extremely pleased with the opening day success of MNX, which is a 1/10th size version of the existing
Nasdaq-100 Index® options (NDX) at CBOE. Added Jim Harkness from Wolverine Trading, L.P. the Designated Primary Market Maker (DPM) in the MNX index options: "We were extremely pleased by the strong volume on the first day of trading in MNX. This product is the 'right-size' product for today's investors. We expect continued growth in volume."
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.
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