Profile: CBOE Holdings Inc (CBOE.OQ)
50.80USD
1 Aug 2013
$0.70 (+1.40%)
$50.10
$50.64
$51.00
$50.42
295,393
188,868
$51.00
$27.62
CBOE Holdings, Inc. (CBOE Holdings), incorporated on August 15, 2006, is the holding company. The primary business of the Company is the operation of markets for the trading of listed, or exchange-traded, options contracts on three broad product categories: the stocks of individual corporations (equity options), various market indexes (index options) and other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Company offers futures products through its futures market. CBOE is the Company's primary market and offers trading for listed options through a single system that integrates electronic trading and traditional open outcry trading on its trading floor in Chicago. This integration of electronic trading and traditional open outcry trading into a single exchange is known as its Hybrid trading model. In 2012, the Company introduced S&P 500 Range options on CBOE, and the CBOE NASDAQ-100 Volatility Index futures and S&P 500 Variance futures, all traded on CFE. Security futures and options on the CBOE Emerging Markets ETF Volatility Index, the CBOE Brazil ETF Volatility Index and the CBOE Crude Oil ETF Volatility Index were also launched on CFE and CBOE, respectively.
The Company’s options exchanges provide a marketplace for the trading of options contracts that meet criteria established in rules of the respective exchange. The options contracts listed for trading include options on individual equities, options on various market indexes as well as options on ETPs. In addition, the Company provides marketplaces for trading futures contracts and cash equities through CFE and CBOE Stock Exchange, LLC (CBSX), respectively. It offers trading in options with terms of up to nine months on the stocks of approximately 2,800 corporations. The stocks underlying its individual equity options are listed on equity exchanges. In addition, the Company also offesr trading in LEAPS on approximately 850 stocks. It offers trading in options on several different broad-based market indexes, including the VIX Index. The index options the Comapny lists include some of the recognized measures of the United States equity markets, such as the S&P 500, the DJIA, the NASDAQ 100 and the Russell 2000. It also offers trading in LEAPS on several of its index products.
The Company offers trading in options on over 350 ETFs and ETNs based on various domestic and foreign market indexes, as well as on volatility, commodities, currencies and fixed income instruments. It also offers trading in LEAPS on 90 ETPs. It provides a marketplace for trading futures through its wholly-owned subsidiary, CFE. It offers options contracts on the S&P 500 Index and the S&P 100 Index as a result of a licensing arrangement with S&P Dow Jones Indices, LLC. It offers contracts on the Dow Jones Industrial Average (DJIA) as a result of a licensing arrangement with S&P Dow Jones Indices, LLC. This license provides them the right to use the DJIA and several other indexes published by Index Services as the basis for standardized, exchange-traded options contracts. It also offers contracts on the NASDAQ 100 Index as a result of a licensing arrangement with NASDAQ. This license provides CBOE the right to use the NASDAQ 100 as the basis for standardized, exchange-traded options contracts. It offers contracts on the Russell 2000 and other indexes in the Russell index family as a result of a licensing arrangement with Frank Russell Co. This license provides CBOE the right to use the Russell indexes as the basis for standardized, exchange-traded options contracts.
The Company has developed several of its own indexes and index methodologies. These include volatility indexes based on various broad-based market indexes (such as the S&P 500, the DJIA, the NASDAQ 100 and the Russell 2000), volatility indexes based on ETFs and individual stocks, the CBOE S&P 500 Implied Correlation Index and a series of option strategy benchmarks, including BuyWrite, PutWrite and Collar indexes based on the S&P 500 and BuyWrite indexes based on other broad-based market indexes. The Company also has licensed others to use some of these indexes to create products and have entered into agreements whereby it has granted to others the rights to sub-license some of these indexes. The Company generates revenue from the calculation and dissemination of over thirty real-time index values for third party licensors and from the licensing of its indexes.
CBOE are traded using its Hybrid trading model, in which aspects of both open outcry and electronic trading are integrated to function as a single exchange. Both C2 and CFE are all-electronic exchanges. The Company’s Hybrid trading model is supported by technology, including the CBOE Command trading platform, which, in alternative configurations, also serves as the trading platform for C2 and CFE. CBOE market-makers stream their own individual quotes and orders into the CBOE trading engine and, if on the floor, in open outcry transactions effected in their trading crowd.
The Company competes with ISE, NYSE Arca, NYSE Amex and NASDAQ OMX PHLX.
Company Address
CBOE Holdings Inc
400 South LaSalle Street
CHICAGO IL 60605
P: +1312.7865600
F: +1302.6555049
Company Web Links
| Name | Compensation |
|---|---|
William Brodsky |
2,695,580 |
Edward Provost |
1,297,800 |
Edward Tilly |
1,614,800 |
Alan Dean |
1,222,630 |
Gerald O'Connell |
1,155,850 |
- CBOE will keep policing its own markets, new chief says
- UPDATE 2-CBOE keeps index franchise as US justices stay out of dispute
- CBOE first-quarter profit beats Street; defers start to longer day
- UPDATE 2-CBOE Q1 profit beats Street; defers start to longer day
- CBOE defers start of extended trading day after recent outages

