Let's shift gears. Now, this next segment is
brought to you by sea defining markets through innovation,
technology and trading solutions. We're going live now to
Chicago for our newest Cheddar business segment from the Chicago
Board Options Exchange. We have Courtney Sturgeon joining us
on a very busy morning at CBO. Courtney.
What do you have for us? That's right.
A very busy morning here. What you're hearing behind
me is not just the opening bell, it's also
a milestone anniversary here at CBO. Today marks the
50th anniversary since opening in Chicago, not far from
where we are right now. And since then cbo's
Options and volatility, trading data and analytics and market
models have expanded and driven trading for market participants and
not just in options. This week, we're seeing
how this plays out during earning season as well.
Many traders looking to the options industry and the implied
volatility to gain insight into what may happen after reports
are released. One of those measures the vix and
earlier earlier in the week that is now standing at
18 up from 16 where it closed on Monday and
in its debut week, the one day that is
up to 18, we did see some swings there
, but that's to be expected, given that it
has just debuted now, as far as here at
CBO right now, we're here with traders who are
actively celebrating the 50 year anniversary. One of the
anniversaries that's also celebrating is the 60th year that the
VIC has been in play here at CBO. Chloe
and Courtney CBO is the birthplace of the US options
industry. So what global impact have we seen since
it opened in 1973? Well, that's right,
Chloe, we've seen a major global impact just the
last week. As I mentioned, the one day
opened and debuted this week and we've also seen here
this week, CBO signing a contract that is excuse
me and launching a contract track between cbo's global indices
and the Korea Exchange. That partnership will develop more
strategic index products based on Korean derivatives. So what's
next for the options market? Courtney, the options
industry now includes 16 exchanges and its total annual volume
is projected to reach 11.6 billion contracts this year marking
a new record high as for the celebration here on
the floor. CBO is marking this milestone by donating
a total of$500,000 to 5 different nonprofit organizations.
We have Courtney Sturgeon live from CBO. Thank you
so much for that context. We can't wait to
hear more from you in the coming weeks. That's
from Chicago. Learn more about options trading visit CBO
dot com.