CBOE Is Split--What Should Be Included In the NBBO?

EXCHANGE WATCH

CHICAGO--The Chicago Board Options Exchange is trying to decide how to best calculate a National Best Bid and Offer (NBBO) for options listings. "We’re having a debate in our own shop as to how to do it," says Tom Knorring, vice president of trade processing at the CBOE.

The US options market is still without a centralized NBBO, although providing that information would be one way to reduce options quote traffic. Vendors could send only the NBBO to those who do not need to see the entire dep

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: