Difference between revisions of "Cboe"

From CryptoMarketsWiki
Jump to: navigation, search
(17 intermediate revisions by 3 users not shown)
Line 7: Line 7:
 
| foundation = Apr. 26, 1973
 
| foundation = Apr. 26, 1973
 
| location = 400 S. LaSalle Street, Chicago, IL 60605
 
| location = 400 S. LaSalle Street, Chicago, IL 60605
| products = Options on equities, equity indexes, ETFs  
+
| products = Cboe Futures Exchange; options on equities, equity indexes, ETFs  
 
| twitter = CBOE
 
| twitter = CBOE
 
| linkedin = 8805
 
| linkedin = 8805
 
| facebook = Cboe
 
| facebook = Cboe
 
|stocktwits = Cboe
 
|stocktwits = Cboe
| homepage = [http://www.cboe.com/ www.cboe.com]
+
| homepage = [http://www.cboe.com/ Cboe Homepage]
 
| press = http://www.cboe.com/AboutCBOE/MediaHub/press-releases.aspx
 
| press = http://www.cboe.com/AboutCBOE/MediaHub/press-releases.aspx
 
}}
 
}}
  
The Chicago Board Options Exchange, or Cboe, was the first U.S. options exchange to offer standardized, listed options. It was also the first exchange in the traditional financial space to offer [[bitcoin]] futures, using the symbol XBT.  
+
The Chicago Board Options Exchange, or Cboe, was the first U.S. options exchange to offer standardized, listed [http://www.marketswiki.com/wiki/Options options]. It was also the first exchange in the traditional financial space to offer [[bitcoin]] futures, using the symbol XBT.  
  
Cboe entered into an agreement in the summer of 2017 with Cameron and Tyler Winklevoss (aka [[the Winklevoss twins]]) to use bitcoin market data generated by their virtual-currency exchange [[Gemini]], paving the way for Cboe to list derivatives on bitcoin.<ref>{{cite web|url=https://www.wsj.com/articles/cboe-teams-up-with-winklevoss-twins-for-bitcoin-data-1501675200|name=CBOE Teams Up With Winklevoss Twins for Bitcoin Data|org=The Wall Street Journal|date=June 20, 2018}}</ref> Cboe launched the first bitcoin futures on December 10, 2017, trading a reported 4,127 contracts in their first day of trading, with nearly 20 trading firms participating. Cboe waived transaction fees on XBT throughout that month.<ref>{{cite web|url=http://ir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2017/cboe-bitcoin-futures-post-strong-debut-v2.pdf|name=Cboe bitcoin futures post strong debut|org=Cboe|date=June 20, 2018}}</ref><ref>{{cite web|url=https://mail.google.com/mail/u/0/#inbox/16047b8e01fefb6a?compose=160475da1fb56894&projector=1|name=Cboe Bitcoin Futures (XBT) Close First Day of Trading; Post Volume of More Than 4,000 Contracts|org=Cboe|date=June 20, 2018}}</ref>
+
== Cryptocurrency futures trading ==
 +
 
 +
Cboe as a company has been a leading proponent of institutional-level cryptocurrency futures trading since 2017. In the summer of 2017, Cboe entered into an agreement with [[Cameron and Tyler Winklevoss]] (aka the Winklevoss twins) to use bitcoin market data generated by their virtual-currency exchange [[Gemini]], paving the way for Cboe to list [http://www.marketswiki.com/wiki/Derivatives derivatives] on bitcoin on the Cboe Futures Exchange.<ref>{{cite web|url=https://www.wsj.com/articles/cboe-teams-up-with-winklevoss-twins-for-bitcoin-data-1501675200|name=CBOE Teams Up With Winklevoss Twins for Bitcoin Data|org=The Wall Street Journal|date=June 20, 2018}}</ref> With each contract representing the value of one bitcoin, Cboe launched the first bitcoin futures on December 10, 2017, trading a reported 4,127 contracts in their first day of trading, with nearly 20 trading firms participating. Cboe waived transaction fees on XBT throughout that month.<ref>{{cite web|url=http://ir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2017/cboe-bitcoin-futures-post-strong-debut-v2.pdf|name=Cboe bitcoin futures post strong debut|org=Cboe|date=June 20, 2018}}</ref><ref>{{cite web|url=https://mail.google.com/mail/u/0/#inbox/16047b8e01fefb6a?compose=160475da1fb56894&projector=1|name=Cboe Bitcoin Futures (XBT) Close First Day of Trading; Post Volume of More Than 4,000 Contracts|org=Cboe|date=June 20, 2018}}</ref>
 +
 
 +
The Cboe Futures Exchange (CFE) announced March 14, 2019 that it would put its bitcoin futures on hold and would not be listing new XBT futures months beyond June 2019, while it considered its next steps for supporting digital asset derivatives trading.<ref>{{cite web|url=https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing|name=Cboe Exchange Puts Brakes on Bitcoin Futures Listing|org=Coindesk|date=March 15, 2019}}</ref> On the day of the announcement, CFE traded 2,089 contracts.<ref>{{cite web|url=https://www.coindesk.com/cme-cboe-bitcoin-futures|name=‘No Change’ to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back|org=CoinDesk|date=September 9, 2019}}</ref>
 +
 +
 
 +
== Bitcoin ETF ==
 +
 
 +
On January 23, 2019, the United States [[Securities and Exchange Commission]] (SEC) announced that Cboe had withdrawn its proposal for a rule change that would have allowed it to list and trade shares of a bitcoin [[ETF]] - specifically, the VanEck SolidX Bitcoin Trust. Cboe said in an email statement that the plan was related to the effects of the U.S. government shutdown occurring at the time. Cboe also said that the company planned on refiling a similar proposal at a later date with the SEC.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2019-01-23/cboe-bitcoin-etf-application-pulled-after-repeated-sec-delays?srnd=premium-europe|name=Cboe’s Bitcoin ETF Application Pulled After Repeated SEC Delays|org=Bloomberg|date=January 24, 2019}}</ref><ref>{{cite web|url=https://www.sec.gov/rules/sro/cboebzx/2019/34-84988.pdf|name=SECURITIES AND EXCHANGE COMMISSION  (Release No. 34-84988 ; File No. SR-CboeBZX-2018-040)|org=SEC|date=January 24, 2019}}</ref>
 +
 
 +
A week later, on January 31, VanEck digital asset strategy director Gabor Gurbacs announced that the firm, as well as Cboe and SolidX, had re-filed the request with the SEC.<ref>{{cite web|url=https://news.yahoo.com/cboe-applies-us-sec-list-205600757.html?soc_src=hl-viewer&soc_trk=tw|name=CBOE Re-Applies With US SEC to List Bitcoin Exchange-Traded Fund|org=Cointelegraph via Yahoo Finance|date=February 1, 2019}}</ref>
 +
 
 +
== Full page on MarketsWiki ==
  
 
''To read the full article on Cboe, click on [[File:Marketswiki.gif|25px|link=http://www.marketswiki.com/wiki/Chicago_Board_Options_Exchange]] to open a new tab with MarketsWiki.''
 
''To read the full article on Cboe, click on [[File:Marketswiki.gif|25px|link=http://www.marketswiki.com/wiki/Chicago_Board_Options_Exchange]] to open a new tab with MarketsWiki.''
Line 24: Line 37:
 
== References ==
 
== References ==
 
<references />
 
<references />
 
  
 
[[Category: cryptocurrency]]
 
[[Category: cryptocurrency]]
 
[[Category: exchanges]]
 
[[Category: exchanges]]
 
[[Category: regulation]]
 
[[Category: regulation]]
 +
[[Category: bitcoin]]
 +
[[Category: derivatives]]
 +
[[Category: Chicago]]
 +
[[Category: bitcoin futures]]

Revision as of 15:59, 9 September 2019


Chicago Board Options Exchange
Cboe Global Markets.jpg
Founded Apr. 26, 1973
Headquarters 400 S. LaSalle Street, Chicago, IL 60605
Key People Edward T. Tilly, CEO; Edward L. Provost, President and COO
Products Cboe Futures Exchange; options on equities, equity indexes, ETFs
Twitter @CBOE
StockTwits Cboe
LinkedIn Profile
Facebook Cboe
Website Cboe Homepage
Releases Company News

The Chicago Board Options Exchange, or Cboe, was the first U.S. options exchange to offer standardized, listed options. It was also the first exchange in the traditional financial space to offer bitcoin futures, using the symbol XBT.

Cryptocurrency futures trading

Cboe as a company has been a leading proponent of institutional-level cryptocurrency futures trading since 2017. In the summer of 2017, Cboe entered into an agreement with Cameron and Tyler Winklevoss (aka the Winklevoss twins) to use bitcoin market data generated by their virtual-currency exchange Gemini, paving the way for Cboe to list derivatives on bitcoin on the Cboe Futures Exchange.[1] With each contract representing the value of one bitcoin, Cboe launched the first bitcoin futures on December 10, 2017, trading a reported 4,127 contracts in their first day of trading, with nearly 20 trading firms participating. Cboe waived transaction fees on XBT throughout that month.[2][3]

The Cboe Futures Exchange (CFE) announced March 14, 2019 that it would put its bitcoin futures on hold and would not be listing new XBT futures months beyond June 2019, while it considered its next steps for supporting digital asset derivatives trading.[4] On the day of the announcement, CFE traded 2,089 contracts.[5]


Bitcoin ETF

On January 23, 2019, the United States Securities and Exchange Commission (SEC) announced that Cboe had withdrawn its proposal for a rule change that would have allowed it to list and trade shares of a bitcoin ETF - specifically, the VanEck SolidX Bitcoin Trust. Cboe said in an email statement that the plan was related to the effects of the U.S. government shutdown occurring at the time. Cboe also said that the company planned on refiling a similar proposal at a later date with the SEC.[6][7]

A week later, on January 31, VanEck digital asset strategy director Gabor Gurbacs announced that the firm, as well as Cboe and SolidX, had re-filed the request with the SEC.[8]

Full page on MarketsWiki

To read the full article on Cboe, click on Marketswiki.gif to open a new tab with MarketsWiki.

References