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Chicago Sun-Times

National

David Roeder

A Chicago financial powerhouse turns 50

CBOE Chicago CBOE Global Markets

Traders at the Chicago Board Options Exchange await the opening bell on April 26, 1973. (Provided)

A true Chicago invention celebrates its 50th birthday Wednesday.

Cboe Global Markets began life on April 26, 1973, as a venture into the financial unknown. Its founders were intrigued by the idea of dealing options on stock ownership, a concept Wall Street didn’t know how to approach. But Chicago could grasp it.

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