Cboe History

1973: Cboe is founded and becomes the first marketplace for trading listed options.
1974: New Cboe trading floor opens - it's a "deck floor" over the main trading floor at the Chicago Board of Trade.
1975: Cboe introduces computerized price reporting.; Cboe Clearing Corp. becomes The Options Clearing Corporation (OCC), the industry clearinghouse for all U.S. options trades.
1977: Cboe adds "put" options.; Cboe acquires the Midwest Stock Exchange's options business.
1978: Cboe introduces Order Support System (OSS), which automates order-routing and limit order book access.
1981: Cboe breaks ground on a 350,000-square-foot building across the street from the Chicago Board of Trade.
1983: Cboe creates options on broad-based stock indices with the S&P 100^® (OEX) and S&P 500^® (SPX^®) Indices.
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.
1985: Cboe forms The Options Institute^SM, its educational arm, whose mission is to educate investors around the world about options.; The exchange introduces the Retail Automatic Execution System (RAES) to facilitate electronic execution of small customer orders.
1986: Cboe introduces an Auto Quote system to facilitate firm quotes in less active series.
1987: Cboe introduces Electronic Book to provide more timely order execution and fill reports for limit orders.
1988: Cboe celebrates its 15th anniversary.
1989: Options on interest rates begin trading.
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.
1992: Options on sector and international indices begin trading.
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.
1994: Options on the Nasdaq-100^® Index listed.; PAR (Public Automated Routing system), a PC-based touchscreen for floor brokers, is introduced.
1997: Cboe lists the first options on the Dow Jones Industrial Average^SM (DJX^SM).
1998: Founding members celebrate Cboe's 25th anniversary.
1999: Cboe introduces ROS, the Rapid Opening System, significantly reducing the time traditionally needed to open all options series in a class.
2001: Cboe launches Cboedirect, a state-of-the-art electronic trading platform.
2002: Cboe S&P 500 BuyWrite Index (BXM), the first major benchmark for tracking options' strategy-based performance, is created.
2003: Cboe begins operating a Hybrid trading model that integrates floor and screen-based trading in a single exchange.
2004: Cboe Futures Exchange^SM (CFE^®) opens.; Cboe Volatility Index^® (VIX^®) futures begin trading.
2005: Cboe creates Weeklys, short-term options with one week until expiration, allowing investors to target trading strategies around market news and events. Weeklys in SPX and OEX are initial listings.
2006: VIX options are launched.; Cboe options contract volume reaches an all-time record of 674,735,348 contracts (up 44% over the previous year).
2007: Cboe introduces CFLEX^SM, an Internet-based trading system for FLEX options.
2008: Annual exchange volume surpasses one billion contracts for first time.
2010: Cboe converts to publicly-traded corporation, Cboe Global Markets, with IPO ceremony held on the trading floor.; C2^SM, an all-electronic exchange, launches.
2011: SPXpm, a new, electronic S&P 500 option contract, launches.
2012: Annual volume in VIX options and futures set sixth and third consecutive records, respectively.; Cboe Command^SM, a cutting-edge trade engine technology, goes live.
2013: New London Hub for European customers becomes operational.
2014: Trading in VIX futures expands to 24 hours a day.; "Cboe Mobile," a new options education "app" is released.; Cboe enters into licensing agreement to become the exclusive U.S. home for MSCI Index options.; Cboe Global Markets trading volume reaches an all-time high of 1.3 billion contracts.; SPX options, VIX options and VIX futures set new annual volume records.
2015: Cboe Options Institute celebrates its 30th anniversary.; Cboe enters into licensing agreement with London Stock Exchange Group (LSEG) to become the exclusive U.S. home for LSEG-owned FTSE and Russell index options.; Cboe launches global trading hours for SPX and VIX options.; Cboe acquires Livevol, Inc., a leading provider of options technology, trading analytics and market data services.; Cboe takes minority ownership stake in CurveGlobal, an interest rate derivatives venture backed by the London Stock Exchange Group (LSEG), Cboe and a number of major dealer banks.; Cboe partners with Environmental Financial Products to launch the American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds.
2016: Cboe takes equity stake in Eris Exchange, a U.S.-based futures exchange group offering swap futures.; Cboe begins overnight dissemination of Cboe Volatility Index^® (VIX^®).; Cboe makes majority investment in Vest Financial, an asset management company specializing in target-outcome investment strategies.; SPX options annual average daily volume tops one million contracts for first time ever.
2017: Cboe acquires Bats Global Markets, making Cboe Global Markets.
2018: Cboe transfers the primary listing of its common stock to Cboe BZX Exchange.
2019: Cboe completes all exchange technology migrations, unifying its options, equities and futures markets into a single state-of-the-art technology platform.
2020: Cboe acquires three data analytics firms, adding to Data and Access Solutions offering.; Cboe acquires pan-European equities clearinghouse EuroCCP, announces plans for European Derivatives.; Cboe acquires MATCHNow, expanding its North American equities offering into Canada.; Cboe advances ETP market leadership, becomes second largest primary listings exchange in the U.S.
2021: Cboe acquires BIDS Trading, the largest independent block trading ATS in the U.S.; Cboe acquires Chi-X Asia Pacific, expanding into Japan and Australia.