Platinum Sponsors
Boston Options Exchange
The Boston Options Exchange Group, LLC (BOX) was established in February 2002 by Montreal Exchange, Inc., Boston Stock Exchange, Inc. and Interactive Brokers Group, LLC. BOX's partners are comprised of: Boston Stock Exchange, Citadel Derivatives Group, Citigroup, Credit Suisse, Interactive Brokers, JP Morgan, Montreal Exchange, Morgan Stanley, and UBS. BOX is a fully automated equity derivatives market that was created as an alternative to the existing market models. BOX represents a significant innovation in options trading with a market structure that operates with low costs which eliminate barriers to trading, an electronic auction feature that offers customers price improvement, and a model that functions without a trading floor. The Exchange was the first of its kind to offer a price and time priority-matching algorithm, where all orders are tradable with no exchange facilitated payment for order flow mechanism. BOX launched trading in February 2004, and reached $100 million in investor savings via price improvement in January 2007.
Chicago Board Options Exchange
The Chicago Board Options Exchange, (CBOE) founded in 1973, is the creator of listed options and the nation's largest options marketplace. CBOE is the industry leader in product innovation, having created equity options, index options, LEAPS, and, more recently, "Weeklys SM" and Options on VIX® - CBOE's widely followed investor "fear gauge." CBOE, long at the forefront of options education and advocacy, is also home to the world-renowned Options Institute and CBOE.com, the Exchange's award winning website.
International Securities Exchange
The International Securities Exchange operates a family of fully electronic trading platforms, creating efficient markets through innovative technology and market structure. ISE’s markets portfolio consists of an options exchange and a stock exchange. As the world’s largest equity options trading venue, ISE offers options on equities, ETFs, indexes, and FX. The ISE Stock Exchange trades approximately 6,000 products, and is the only fully electronic equities platform that provides the opportunity for continuous price improvement through the interaction of its non-displayed liquidity pool, MidPoint Match, and its displayed stock market. ISE Alternative Markets is scheduled to launch in 2008 and will offer a parimutuel trading platform for derivatives auctions. To complement its markets and enable investors to trade smarter, ISE creates innovative new products including a portfolio of proprietary indexes and enhanced market data for sophisticated investors.
ISE is a wholly owned subsidiary of Eurex, a leading global derivatives exchange. Eurex itself is jointly owned by Deutsche Börse AG (Ticker: DB1) and SIX Swiss Exchange AG. Together, Eurex and ISE are the global market leader in individual equity and equity index derivatives.
NYSE Euronext U.S. Options Trading
With the acquisition of the Amex, NYSE Euronext's dual U.S. options exchanges, NYSE Arca Options and NYSE Amex Options, combine to make the third-largest U.S. equity options marketplace by number of contracts traded. Having two U.S. options exchanges enables NYSE Euronext to operate a compelling dual market structure that provides all customers the choice of price-time priority on NYSE Arca Options or the traditional market-maker model and expanded array of services of NYSE Amex Options that give customers superior choice and flexibility.
NYSE Arca Options offers immediate, cost-effective electronic order executions in nearly 2,000 options issues. As the U.S. options industry's first exchange to offer the post/take market model, it is a low-cost venue blending speed and price-time priority with Lead Market Maker participation offering innovative order types, greater functionality, and superior performance. NYSE Amex Options provides customers with a separate, customer-driven marketplace that will offer exceptional technology combined with a proven open-outcry trading environment. It will give NYSE Euronext customers another valuable platform to trade U.S. options with reliability, transparency and enhanced efficiency.
NASDAQ Options Market
The NASDAQ Options Market is an equity and index options market that leverages NASDAQ’s core strengths of high performance technology and far-reaching connectivity with sub-millisecond execution speed. Not only does our price/time priority market structure and unique penny pricing model provide immediate and automatic price improvement to orders but with maker/taker pricing, we also offer rebates to liquidity providers. The NASDAQ Options Market offers diverse order types and functionality to maximize results for options traders. All participants are treated equally, creating a level playing field for Broker/Dealers, customers and professionals. Visit www.nasdaqtrader.com/options or contact NASDAQ Market Sales at sales@nasdaq.com or +1 (800) 846-0477 for more information.
NASDAQ OMX PHLX
NASDAQ OMX PHLX (PHLX) operates on a combination of cutting-edge electronic and floor-based options trading technology. Our model allows for customer priority and supports directed orders that can be eligible for an exchange sponsored payment for order flow program. With the completion of the rollout of the PHLX Complex Order Book, electronic complex orders can be entered for two legged option transactions. PHLX offers electronic entry and execution of complex trading in all of our products including 24 sector index options and PHLX World Currency Options.Visit www.nasdaqtrader.com/options or contact NASDAQ Market Sales at sales@nasdaq.com or +1 (800) 846-0477 for more information.
The Options Clearing Corporation
The Options Clearing Corporation (OCC) was founded in 1973 and is the largest clearing organization in the world for options. OCC was the first clearinghouse to receive a 'AAA' credit rating from Standard and Poor's. As of December 2007, OCC's average daily options volume was more than 11.4 million contracts and average daily premium settlements were $5.3 billion. Operating under the jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, OCC issues and clears U.S.-listed options and futures on a number of underlying financial assets including common stocks, currencies and stock indexes.
OCC provides clearing and settlement services for the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, NASDAQ, and Philadelphia Stock Exchange. OCC also provides clearing services to several security futures and futures markets including the CBOE Futures Exchange, The Island Futures Exchange, OneChicago and Philadelphia Board of Trade.
More information can be found in Sponsorship Signup.
