CBOEdirect

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CBOEdirect is the electronic technology platform built and maintained in-house by CBOE, supporting multiple trading models configurable by product and, simultaneously, multiple matching algorithms (options, futures, stocks, warrants, single stock futures).

CBOEdirect underlies electronic trading on CBOE, the CBOE Futures Exchange (CFX), and the CBOE Stock Exchange (CBSX). In addition, CBOEdirect is the trading platform for OneChicago, the single stock futures exchange that is a joint venture of CBOE, CME Group and Interactive Brokers Group, Inc.

As of April 2008, CBOEdirect featured:

• More than 188,000 listed products
• More than 3.8 billion indusry quotes handled from OPRA on peak day
• More than two billion quotes on peak day
• More than 684,000 orders on peak day
• More than 124,000 peak quotes per second
• Less than 5 ms response time for quotes