The Boston Options Exchange is returning to the thrilling days of yesteryear will its planned launch of an open-outcry trading floor in Chicago, which the US Securities and Exchange Commissioned approved on August 2.
The options exchange operator expects to locate the new trading floor in space it has leased in the Chicago Board of Trade complex and open it for trading later this month.
BOX traders already have had a taste of what is in store for them in the new trading environment as BOX held a three-hour trading simulation on July 22.
“In the financial markets, isn’t it very cyclical?” said Tom Lehrkinder, a former trading pit clerk and senior analyst at Tabb Group, told the Financial Times. “We went from open-outcry, to everybody running to electronic and speed and now back to open-outcry, in this instance.”
Although electronic trading has made manual trading obsolete for all but the most illiquid trades, BOX officials state that by offering manual trading it would entice more traders and investors to participate more in the larger and more complex trades that happen on the exchange.
“We welcome this opportunity to bring additional competition to the options market, which we believe will spur further modernisation of open-outcry trading,” Lisa Fall, president of BOX, told the Financial Times.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The purchase accelerates Robinhood's investment in prediction markets.
-
This is the next step in Deutsche Börse becoming a European champion in providing critical infrastructure.
-
Cboe will hold a moment of silence on its trading floor before the opening bell on 21 January.
-
Tetrao uses proprietary machine learning algos and gen AI large language models.
-
ICE’s derivatives markets and its equity markets at NYSE set multiple milestones in 2025.