Chicago : Chicago Board Options Exchange (CBOE) is moving its HQ to Chicago’s Old Post Office

The Chicago Board Options Exchange (CBOE) is moving its HQ to Chicago’s Old Post Office.

• The 2.8-million-square-foot Art Deco building was built in 1903 when competitors Montgomery Ward and Sears combined to make Chicago the nation's mail-order capital.  It's been vacant since 1997.
• The owner of the Old Post Office, 601W Cos., is undertaking the $600 million redevelopment into modern offices, restaurants, shops and entertainment space. On the roof, it plans to create a 4-acre park available to tenants.
• Other tenants will include Walgreens and Uber.

1973- Cboe is founded and becomes first marketplace for trading listed options
- 911 options contracts traded on the first day in 1973
- There were only 16 stocks with options on the first day
- Seats at Cboe were originally offered at $10,000
- In 1973, the Black-Scholes model was published in the Journal of Political Economy

 

April 26, 1973 ; The first day of trading at CBOE, a “deck floor” over the main trading floor of the Chicago Board of Trade.

 

Traders in the S&P options pit; Sept. 2016.