In 1973, trading of standardized options on a national exchange started on the ________.
A) AMEX
B) CBOE
C) NYSE
D) CFTC

Question

Quizplus · Accepted Answer

The Chicago Board Options Exchange (CBOE) began trading standardized options in 1973, making it the first national exchange to offer this type of financial instrument. The American Stock Exchange (AMEX) and New York Stock Exchange (NYSE) also began trading options in the following years, but the CBOE was the first. The Commodity Futures Trading Commission (CFTC) is a regulatory body and does not operate a national exchange for options trading.

In 1973, Trading of Standardized Options on a National Exchange