Series 7: 5.2.1. Chicago Board Options Exchange And Options Clearing Corporation

Taken from our Series 7 Online Guide

5.2.1. Chicago Board Options Exchange and Options Clearing Corporation

The Chicago Board Options Exchange (CBOE) and its companion, the Options Clearing Corporation, standardized all aspects of options contracts except the price (premium). By doing so, they allowed options to be actively traded on an exchange. The idea was soon adopted by other exchanges, notably the Pacific, Philadelphia,

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