CBOE (Chicago Board Options Exchange)

The Chicago Board Options Exchange (CBOE) is a major marketplace where investors buy and sell options, which are contracts giving the right to buy or sell a stock at a specific price within a certain time. It provides a structured, transparent environment for trading these contracts, helping investors manage risk and speculate on market movements. Established in 1973, CBOE also offers other derivatives and benchmarks, making it a key player in the financial industry for options trading and market innovation.