Cboe Announces the Opening of New Trading Floor in Chicago

Cboe Global Markets, which operates a major derivatives exchange in the US, announced on Monday that it has opened a new trading floor in Chicago at 141 W. Jackson Boulevard, the same space where it was founded in 1973.

The new floor offers state-of-the-art infrastructure, enhanced technology capabilities, and a flexible, open and dynamic environment to facilitate more seamless and efficient interaction between traders.

In addition, Cboe's new trading floor houses a total of 10 trading pits, including S&P 500 Index (SPX) options, Cboe Volatility Index (VIX) options, Russell 2000 Index (RUT) and SPDR S&P 500 ETF Trust (SPY) options pits. Significantly, the floor provides market-makers and brokers with more space, including expanded capacity to meet demand from firms looking to support additional floor-based traders.

"Today marks a historic occasion for Cboe Global Markets and our entire trading floor community, as we return to the place of our origins where Cboe – and the U.S. listed options market – began,"said Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets.

"With Cboe's founding nearly fifty years ago, we created a brand new market that has transformed the way the world manages market volatility and risk. Our trading floor has since symbolized Cboe's relentlessly innovative and entrepreneurial spirit, and embodied the strength and vigor of Chicago as the financial derivatives capital of the world. We couldn't be more excited to begin the next chapter in the ongoing story of Cboe, as we open the doors to our new trading floor to begin a new era of open outcry,"Ed Tilly added.

Today's announcement follows Cboe revealing last week that it has acquired NEO, a fintech  company that includes NEO Exchange and NEO Connect.