The Chicago Board Options Exchange (CBOE) today announced that options on the S&P 100 Index (OEX) will begin trading on CBOE's Hybrid Trading Platform on Tuesday, December 9, 2008.CBOE's Hybrid will enable multiple, competing quotes and high-speed electronic executions for OEX market participants and customers, in the product that introduced index options trading over 25 years ago.Additionally, the Exchange announced that Citigroup, Inc. has been appointed the Lead Market Maker (LMM) for OEX and XEO options.
As the Lead Market Maker (LMM) for OEX and XEO options, Citigroup will provide continuous, two-sided, competitive markets both electronically and on the open-outcry trading floor.The quotes will pertain to all OEX and XEO option classes, including Weekly, Quarterly and LEAPS series.Citigroup is a long-time member firm of the Exchange and currently serves as a Designated Primary Market Maker (DPM), an Electronic Designated Primary Market Maker (e-DPM) and a Market Maker (MM) in more than 560 different option classes at CBOE.
"We are pleased that Citigroup will take the reins of the Exchange's initiative to begin trading S&P 100 Index options on CBOE's Hybrid Trading Platform.As a leading market maker, not only for CBOE, but the industry, we are confident that their experience and expertise will provide OEX investors with the liquid, robust and efficient markets they desire," said Edward T. Tilly, Executive Vice Chairman of the Chicago Board Options Exchange.
The Standard and Poor's 100 Index is a capitalization-weighted index based on 100 highly capitalized stocks from a broad range of industries.More than one billion S&P 100 options contracts have been traded since the CBOE launched the trading of options on the OEX, the first cash-settled securities product, on March 11, 1983.The S&P 100 is the only listed index option that offers both American-style exercise and PM settlement.European-style exercise (XEO) options are also available on the S&P 100 Index.The Exchange disseminates a CBOE Volatility Index (VIX) calculation for OEX specifically under the ticker symbol VXO.
CBOE, the largest U.S. 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, visit the CBOE website at: www.cboe.com.
FTSE Mondo Visione Exchanges Index:
S&P 100 Index(OEX) Options To Trade On CBOE'S Hybrid Trading Platform Beginning December 9; Citigroup, Inc. Appointed Lead Market Maker (LMM)
Date 24/11/2008