50 Years of Trade-Traded Choices

Howard Baker in Monetary Historical past journal traces historical past of Trade-Traded Choices

Fifty years in the past, on April 26, 1973, the Chicago Board Choices Trade (Cboe) opened its doorways for enterprise, providing traders, for the primary time, standardized inventory choices contracts traded on a nationwide securities alternate. These contracts, protecting name choices on 16 shares, launched the funding world to numerous improvements, together with standardized phrases and situations, next-day settlement and an affiliated clearinghouse which issued and assured the efficiency of all contracts traded.

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