Cboe Spx Pit

The Chicago Board Options Exchange CBOE SPX Pit is a central market place operated by CBOE to trade options based on the SPX index. It is one of the last remaining true trading pits in the world and by far the largest and most impactful. All options traded in this pit are options on SPX, or SPXW, the short term quotWeeklyquot expiration.

XFA is consistently one of the largest executing broker by volume in the SPX on the Cboe, per Cboe Global Markets data 132022. Our SPX clients include some of the largest banks, hedge funds and money managers, served by a dedicated and well-resourced team. Our dedicated team of brokers and support personnel in the VIX trading pit

Cboe's high-performance, globally consistent and locally optimized exchange platform is designed for traders and investors Capture U.S. stock market exposure with ease utilizing SPX suite of options with a variety of contract sizes, settlements, and expirations. FLEX Options

Cboe Options Exchange has extended global trading hours GTH for SampP 500 Index SPX options, Cboe Volatility Index VIX options and Mini-SPX Index XSP options to nearly 24 hours a day, five days a week. Trade or hedge broad U.S. market and global equity volatility conveniently across all time zones, day and night.

Analyze SampP 500 Index puts and calls to craft a reliable strategy and optimize your options trading with implied volatility charts.

Global Trading Hours GTH The trading hours for options on the SPX, SPXW SPX Weeklys and SPX End-of-Month, and Mini-SPX XSP begin at 815 p.m. Eastern time and end at 925 a.m. Eastern time. Please visit the Global Trading Hours page for more details.Cboe Regulatory Circular RG15-183 notes that Cboe rules allow a short position in a

Cboe's new trading floor houses a total of 10 trading pits, including SampP 500 Index SPX options, Cboe Volatility Index VIX options, Russell 2000 Index RUT and SPDR SampP 500 ETF Trust SPY options pits. Significantly, the floor provides market-makers and brokers with more space, including expanded capacity to meet demand from firms looking

The CBOE's SPX options pit was known for its high volume and liquidity, attracting institutional investors, hedge funds, and individual traders. This high activity provided narrower bid-ask spreads and better price discovery, making it an attractive venue for large-scale trading strategies.

Trading in SPX options built steadily in the ensuing years, but it was the crash of 1987 that caused investors to turn to SPX options. quotThe shift in volume into SPX started after 1987 and really gained ground in 1991 to 1992,quot said Bill Speth, Cboe Vice President, Research, and a former trader in Cboe's OEX Index options pit.

Cboe may list up to ten 10 SPX LEAPS monthly expirations at one time that expire from 12 to 180 months from the date of issuance. For SPXW, the exchange lists 5 weeks of daily expirations for each Monday-Thursday expirations, if an EOM or EOQ falls on a Monday-Thursday it is counted towards that total. The Exchange lists 5 weeks of EOW