RAES

From MarketsWiki
Jump to: navigation, search
TT 300x60 - 2016.jpg

The Retail Automatic Execution System (RAES) was a Chicago Board Options Exchange system that allowed small retail market orders to be executed automatically against a rotating list of market makers or against Ebook (by way of an "automated book priority"). When Index prices were moved to CBOEdirect in 2007, RAES became obsolete.