Happy Birthday to Us

Today is the anniversary of the introduction of listed option trading in the United States and the Chicago Board Options Exchange!

Today marks 39 years since the CBOE began trading options in a small space across the street from our building at the Chicago Board of Trade. We traded 911 contracts (all calls) on 16 different stocks. A lot has changed over 39 years, my favorite is that it took all day to trade 911 contracts on April 26, 1973 – now we trade 911 contracts (on average) in about 5 seconds!

A final note – unlike Jack Benny – this is our first 39th Birthday…