In 1973, trading of standardized options on a national exchange started on the CBOE. CBOE stands for Chicago Board Options Exchange. Founded in 1973, the CBOE Options Exchange is the world's largest options exchange with contracts focused on individual equities, indices, and interest rates.
Originally known as the Chicago Board Options Exchange (CBOE), the exchange changed its name in 2017 as part of a rebranding effort by its holding company, CBOE Global Markets. Traders refer to the exchange as the CBOE ("C-BOE"). The CBOE is also the originator of the CBOE Volatility Index (VIX), the most widely used and recognized proxy for market volatility.
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