Cboe Opens New Trading Floor

Cboe Global Markets Inc. is returning to its roots in Chicago’s financial district with the opening of a new trading floor. The company moved its Cboe Options Exchange into a remodeled space in the Chicago Board of Trade building. The 40,000-square-foot (3,716-square-meter) space gives market participants updated equipment and additional physical space to execute trades in the options market. The company’s new trading floor was built to handle heavy volume in index options trades, while nearly all equity options trades are handled electronically. The firm said it executed roughly 36% of its index options trades on the floor via open outcry, rather than automation, from January through the end of May. Cboe’s new space is home to around 120 trading booths and more than 330 kiosks where brokers and market makers can plug in their individual systems.