Cboe Global Markets Inaugurates New Trading Floor

Cboe Global Markets, a global market infrastructure provider, announced on Tuesday that it opened a new trading floor in Chicago. The trading floor is located in the same space where it was founded in 1973, Cboe noted.

According to the press release, Cboe’s new trading floor occupies more than 40,000 square feet in the historic Chicago Board of Trade (CBOT) Building, with double-height floor-to-ceiling windows facing Chicago’s LaSalle Street financial district. In addition, this new floor features state-of-the-art infrastructure, enhanced technology capabilities and a flexible environment to facilitate seamless and efficient interactions between traders.

A total of 10 trading pits are located on the new Cboe trading floor, including those for the SPX and VIX options as well as for the Russell 2000 and SPY options. In addition, the floor provides more space to market-makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term and brokers, as well as expanded capacity to support additional floor-based traders. On the floor, more than 330 individual kiosks offer technology that allows traders to connect and use their devices.

“Our customers continue to find value in open outcry trading, especially for executing larger more complex orders, and rely on the floor for price discovery and the deep liquidity provided by our market-makers and floor brokers. Our new and enhanced trading floor offers a vibrant technology-driven environment that seamlessly integrates both open outcry and electronic trading mechanisms to provide our customers a truly unrivaled world-class trading experience. We believe this dynamic new space will serve our customers and investors well, now and for years to come,” Chris Isaacson, the Executive Vice President and Chief Operating Officer of Cboe Global Markets, commented.

NEO Acquisition

Cboe Global Markets completed its acquisition of NEO last week, a fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company that includes NEO Exchange and NEO Connect.

The NEO Exchange is a registered Canadian securities exchange based in Toronto that has been fully operational since 2015. The financial terms of the deal were not disclosed. The acquisition was funded by Cboe Global Markets’ existing credit facilities and cash on hand.