Cboe Global Markets turns 45 and we thought we would provide 45 'fun facts' to mark the occasion. 

  1. 1973- Cboe is founded and becomes first marketplace for trading listed options
  2. 1973- 911 options contracts traded on the first day in 1973
  3. 1973- There were only 16 stocks with options on the first day
  4. 1973- Seats at Cboe were originally offered at $10,000
  5. 1973- In 1973, the Black-Scholes model was published in the Journal of Political Economy
  6. 1974- New Cboe trading floor opens- a “deck floor” over the main trading floor of the Chicago Board of Trade  New Cboe trading floor opens a deck floor
  7. 1975- Cboe introduces computerized price reporting; Cboe Clearing Corp. becomes The Options Clearing Corporation (OCC), the industry clearinghouse for all U.S. listed options trades
  8. 1977- Cboe adds “put” options; acquires the Midwest Stock Exchange’s options business
  9. 1978- Cboe introduces Order Support System (OSS), which automates order-routing and limit order book access
  10. 1981- Cboe breaks ground on a 350,000-square-foot building across the street from the Chicago Board of Trade
  11. 1983- Cboe creates options on broad-based stock indexes with the S&P 100 (OEX) and S&P 500 (SPX) Indexes
  12. 1984- Cboe moves into its current building in the heart of Chicago’s financial district; annual exchange volume tops 100 million contracts for first time
  13. 1984- Cboe hosted the first Cboe Risk Management Conference
  14. 1985- Cboe forms The Options Institute, its educational arm, which has a mission to educate investors around the world about options; introduces the Retail Automatic Execution System (RAES) to facilitate electronic execution of small customer orders
  15. 1985- The Cboe Options Institute instructs more than 30,000 students annually   Options Institute Creation
  16. 1986- Cboe introduces an Auto Quote system to facilitate firm quotes in less active series
  17. 1987- Cboe introduces Electronic Book to provide more timely order execution and fill reports for limit orders
  18. 1988- Cboe celebrates its 15th anniversary
  19. 1989- Options on interest rates begin trading
  20. 1990- Cboe creates LEAPS, or Long-Term Equity AnticiPation Securities, which feature expirations of up to three years, giving investors the ability to establish long-term positions
  21. 1992- Options on sector and international indexes begin trading
  22. 1993- Cboe creates the Cboe Volatility Index (VIX), which has become the world’s barometer of market volatility; Cboe introduces hand-held market-maker terminals; launches Flexible Exchange (FLEX) options, which feature customizable terms   VIX April 2018
  23. 1994- Options on the Nasdaq-100 Index listed.
  24. 1994- PAR (Public Automated Routing system), a PC-based touchscreen for floor brokers, introduced
  25. 1997- Cboe lists the first options on the Dow Jones Industrial Average
  26. 1998- Founding members celebrate Cboe’s 25th anniversary
  27. 1999- Cboe introduces ROS, the Rapid Opening System, significantly reducing the time traditionally needed to open all options series in a class
  28. 2001- Cboe launches Cboedirect, a state-of-the-art electronic trading platform
  29. 2002- Cboe S&P 500 BuyWrite Index (BXM), the first major benchmark for tracking options strategy-based performance, is created
  30. 2003- Cboe begins operating a Hybrid trading model that integrates floor and screen-based trading in a single exchange
  31. 2004- Cboe Futures Exchange (CFE) opens and VIX futures begin trading
  32. 2005- Cboe creates Weeklys, short-term options with one week until expiration, allowing investors targeted trading strategies around market news and events. Weeklys in SPX and OEX are initial listings
  33. 2006- Cboe begins trading VIX options; annual exchange volume exceeds 500 million contracts for first time
  34. 2007- Cboe introduces CFLEX, an internet-based trading system for FLEX options
  35. 2008- Annual exchange volume surpasses one billion contracts for first time
  36. 2010- Cboe converts to publicly-traded corporation, Cboe Holdings, with IPO ceremony held on the trading floor; C2, an all-electronic exchange, launches   Ed Till CEO
  37. 2011- SPXpm, a new, electronic S&P 500 Index option contract, launches
  38. 2012- Annual volume in VIX options and futures set sixth and third consecutive records, respectively; Cboe Command, a cutting-edge trade engine technology, goes live
  39. 2013- New London Hub for European customers becomes operational; preparations begin for launch of 24-hour, 5-days-a-week trading of VIX futures
  40. 2013- Ed Tilly became CEO of Cboe in 2013, succeeding Bill Brodsky
  41. 2014- VIX Futures trading expanded to almost 24 hours a day in 2014; in 2015 both SPX and VIX options began trading outside of U.S. trading hours
  42. 2015- Cboe becomes the exclusive home to Russell 2000 Index options trading
  43. 2016- Cboe begins overnight dissemination of the VIX Index
  44. 2017- CBOE Holdings completes purchase of Bats Global Markets on February 28, and later rebrands as Cboe Global Markets in October of 2017
  45. 2018- CFE migration to Bats technology completed on February 25, 2018
 

Cboe Bats Integration