When an investor places a buy or sell order on an option contract, the order is routed to many different exchanges where it may or may not find a counter party. Some of the major option exchanges include:
Chicago Board
Options Exchange (CBOE)
International
Securities Exchange (ISE)
New York Stock
Exchange (NYSE)
Philadelphia Stock Exchange (PHLX)
Boston Options Exchange (BOX)
For more information on an individual exchange click the link to visit their web site.Some recent developments include the NYSE purchasing of the American Stock Exchange and merging equity option operations. The Philadelphia Stock Exchange is the oldest exchange in the America, founded in 1790. Recently, the exchange was purchased by NASDAQ. The ISE and CBOE trade the highest volume of equity option contracts respectively.
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