Founded in 1973 as the Chicago Board Options Exchange, it is the world’s largest options market with contracts focusing on individual equities, indexes, and interest rates. In 2010, the company converted to a publicly traded corporation and rebranded as Cboe Global Markets, Inc. (Cboe). Traders refer to the exchange as the CBOE (see-bo). Cboe is now the holding company and the exchange is a primary asset. Cboe is also the originator of the Volatility Index (VIX) which is the most widely used and recognized proxy for market volatility.
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