Tools

 

COPS:  Customized Options Pricing Service


CBOE Customized Option Pricing Service

Utilizing the quantitative expertise of CBOE's market makers to deliver market consensus valuations

CBOE Customized Option Pricing Service combines the market making expertise of CBOE's liquidity providing community with the simple access of CBOE's affiliate Market Data Express (MDX).

Benefits include:

> Market consensus valuations

  • Final figures are averages of contributions from several CBOE market making firms that are accustomed to the rigors of continuous quoting over thousands of different underlyings, strikes and maturities, resulting in robust valuations. Rather than creating valuations based off a single model, CBOE Customized Option Pricing Service produces values that users can reasonably expect to experience in a real trading environment.

  • Thorough quality control process to ensure consistency among contributors.


> Equity derivatives expertise

  • All open FLEX series are priced daily by CBOE's market making contributors.

  • Contributors will provide valuations on other options upon request. Send requests to ValuationRequests@cboe.com.


> Customized Index Option portfolio specifically designed for insurance industry

  • A series of near-the-money strikes across several different maturities on various indices, offering implied volatility surface insight.


> Timeliness

  • Values delivered in sufficient time to help meet deadlines for firms that are required to produce daily NAVs.


> Simple pricing

  • Customers can choose to purchase as many valuations as desired, as frequently as needed, through MDX's simple website interface at www.marketdataexpress.com. The fee schedule is:


No. of options valuations
purchased per day
0-50
51-100
101-500
500 +
Fee per option
per day
$1.25
$1.00
$0.75
$0.50


"COPS Quick Reference Guide", click here.

For more information please contact Matt McFarland at (312) 786-7978 or mcfarland@cboe.com



Nothing in the CBOE Customized Option Pricing Service shall constitute or be construed as a recommendation to buy or sell a security or to provide tax, accounting or investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available by calling 1-888-OPTIONS or at www.theocc.com. Copyright © 2012 CBOE. All rights reserved.




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