2010 Annual Report
  • Chairman Letter
  • Market Leadership
  • Unique Products
  • Trading Technology
  • Industry Advocacy
  • CBOE Holdings
  • Financial Report
Our Culture Image of VIX Pit

Imagination. Innovation. Ingenuity. Singularly, any of these words could describe our Company’s spirit. Collectively, they characterize our culture and bring the “CBOE Brand” to life.

The passion to create new and better products, technologies and services that can benefit customers and improve the marketplace infuses all levels of the Company. Our relentless drive to innovate is well-documented in the new product arena. It can also be seen in the intricate designing and exhaustive testing of new systems architecture. It is reflected in the thousands of hours we spend meeting with customers to gather feedback and exchange ideas.

The Company is lead by a veteran management team, with each member of the executive team possessing a wealth of securities market experience. Our officials share their expertise with the industry, serving on key committees and organizations that help shape and set the standards for the options business, while the Company’s Board of Directors is comprised of distinguished business executives from both the public and industry sectors.

The vibrant options environment at CBOE is unlike any other. With approximately 950 trading permits issued to nearly 200 separate organizations, representing many of the leading securities firms in the industry, customers are exposed to liquid markets, while also having the ability to interact with a diverse pool of liquidity providers. CBOE’s market makers, both floor-based and those that are remote or solely electronic, are able to stream their quotes into the central trade engine and to participate in open outcry transactions effected in their designated trading crowd. This diverse pool of liquidity providers, combined with the exchange’s vast array of products and services, offers CBOE’s market participants the reliable and liquid markets they require to effectively execute a broad range of trading strategies.

Inspired professionals, passionate leaders and dedicated market participants—together they make CBOE a vital necessity in the options market.


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CBOE Trading Environment
Through March 25, 2011

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