Cboe pledges new trading floor will open in summer of 2022

Cboe Global Markets, one of the world’s largest exchange holding companies, has provided an update on the construction of a new trading floor.

Cboe is redefining open outcry trading and building a new era of floor trading. The company remains focused on providing the best possible trading experience for customers and looks forward to opening the new trading floor space at 141 W Jackson Boulevard in summer 2022.

See the video update for a sneak peek.

Let’s recall that, in June 2021, Cboe issued a message to its Chicago trading floor community. The message was released shortly after Cboe had marked one year since Cboe Options Exchange successfully resumed hybrid trading – which includes open-outcry and electronic trading mechanisms.

“A Message to Our Chicago Trading Floor Community

This past Tuesday marked one year since Cboe Options Exchange successfully resumed hybrid trading after the temporary suspension of open outcry trading amid the COVID-19 pandemic. It was an incredible lift for the trading floor community, including our traders and floor personnel, to quickly close and transition to all-electronic trading, and then re-open with stringent health and safety protocols under which we have been operating over the past year.

Executing safety-first plans involved expanding trading pits, rewiring the entire floor, codifying new policies and procedures, and so much more. We would not have been able to restore the full benefits of our unique hybrid trading system without the critical input and feedback we received from our customers along the way. Thank you for your flexibility, patience and collaboration.

Cboe remains focused on providing the best possible trading experience for our customers and we are proud to reaffirm our commitment to open outcry as we plan for our move to the new trading floor space at 141 W Jackson Boulevard. As we’ve said before, Cboe plans to continue to support open outcry trading as long as you continue to find value in the trading floor’s deep liquidity and execution quality. We thank you for your continued support and look forward to welcoming you to the new home of the Cboe Options Exchange trading floor next summer.

Please contact your client services/operations representative, or the Cboe Trade Desk at [email protected] with any questions”.