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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

At Chicago’s equity options market, ‘open outcry’ cranks up the volume

Traders do business on opening day for a new trading floor at Cboe Global Markets. (Ashlee Rezin/Sun-Times)

A mainstay of Chicago business proved Monday that while technology has transformed the way it works, some things haven’t changed.

There’s still a trading floor at Cboe Global Markets, what used to be called the Chicago Board Options Exchange. Its business of listing options on stocks and equity indexes migrated to online networks years ago, but Cboe has found a need remains for the born-in-Chicago style of dealmaking known as “open outcry.”

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