Electronic trading resumes at CBOE

The CBOE’s open outcry floor and electronic platform usually run simultaneously, between 08:30 and 15:00 local time. Electronic trading ceased at 11:10 Friday, forcing option trades solely onto the physical exchange and disrupting the Chicago Futures Exchange, the CBOE’s wholly electronic subsidiary.

An exchange spokesman said trading volume for the day was 1.8 million orders, a third lower than the daily average for the year to date. Around 95% of the CBOE’s orders are normally executed electronically, although floor trading still accounts for a third of its total volume. Earlier last week, electronic trading on the London Metal Exchange was also disrupted for almost two full trading days, following a failure caused by an upgrade. (See: LME rolls back Select after upgrade fault)

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here