From Bloomberg News | The Chicago Board Options Exchange Volatility Index, or VIX, which is considered the benchmark index for U.S. stock options, fell to a three-year low as the Standard & Poor’s 500 Index moved in its narrowest range since April 2007 and rose for a fifth day to reach a two-year high.
Inside these posts: CBOE
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CBOE: Regulator’s ‘flash crash’ report falls short
The head of the largest U.S. options exchange said a regulator report falls short of explaining what happened in the May “flash crash,” adding to skepticism that has grown since it was released October 1. Get the full story »
Paul Kolton, first CBOE chairman, dead at 87
New York Times | Paul Kolton, founder of the Chicago Board Options Exchange who went on to become the he first paid chairman of the American Stock Exchange, has died at age 87.
Reuters: Wells Fargo traded 8% lower on CBOE
Shares of Wells Fargo & Co. traded on the CBOE Stock Exchange Thursday morning at a price about 8 percent below its price on other exchanges, Reuters data showed.
The action was notable because sudden drops in stock prices have become more scrutinized after the May 6 “flash crash,” when markets fell precipitously in minutes. Get the full story »
CBOE Futures Exchange launches first VIX options
CBOE Futures Exchange LLC said early on Thursday that it will launch its first weekly options on its volatility futures contract, which would expand the exchange’s portfolio of derivative contracts tied to market volatility. Get the full story »
CBOE volume up more than 200% in July
The CBOE Futures Exchange LLC said today that July 2010 trading volume totaled 270,014 contracts, compared to 89,851 contracts during July 2009.
July marked the 10th consecutive month in which total volume registered an increase when comparing year-over-year trading activity. July’s volume rose three percent from the 261,451 contracts that traded during June 2010.
Investor’s moves value CBOE at $3B before IPO
Reuters | The Chicago Board Options Exchange’s biggest investor
boosted his stake in the No. 1 U.S. options market on Monday in a bet
that puts CBOE’s value on the eve of its initial public offering at $3
billion.
Thomas Caldwell, chairman of Toronto-based Caldwell Investment
Management, paid $2.475 million for one seat and $2.45 million for
another, he told Reuters.
Wall Street’s wild ride spills into Chicago’s markets
The CBOE Stock Exchange invoked a government-sanctioned rule to unwind 18 trades made in the stock of Chicago’s Accenture Plc that all took place within a few minutes Thursday afternoon at the price of a penny per share. Accenture closed down $1.08 at $41.09, and no news from the company would have justified those rock-bottom trades.
Traders in the S&P 500 pit at the Chicago Board Options Exchange on May 6, 2010. (Terrence Antonio James/Chicago Tribune)
By Greg Burns | One of the wildest 20 minutes in Wall Street history spilled into Chicago’s major markets Thursday, prompting one exchange to declare a series of trades “clearly erroneous,” and another to suggest that a hot rumor was wrong.
