April marks the 40th anniversary of CBOE and the options industry. As part of our month-long anniversary celebration, we revisit WGN’s Orion Samuelson’s interviews with several long-time CBOE traders who share their colorful stories about life in the pits and trading “The Chicago Way.”
Young Schiff Hardin attorney, Mike Meyer, in 1969 began working on a project to develop an options exchange. To get up to speed, his “light” reading included the “Legislative History of the Securities and Exchange Act of 1934,” which contained a bias against options trading. In this video segment, Meyer describes the three factors which led to the establishment of CBOE in 1973.
Be sure to visit the CBOE 40 hub daily as new Trader Talk interviews will be added throughout the month.