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Volume Is Up, Up, and Away

Traders Magazine, January 2005

Mark Longo

The most remarkable development in the options business over the past five years - more remarkable than the bitter battles - has been the robust growth. This has occurred despite slowdowns in the economy and downturns in the stock market [see chart]. "I think that forebodes tremendous growth ahead," says Bill Brodsky, chairman and CEO of the Chicago Board Options Exchange (CBOE). "We have tremendous under capacity in the U.S. industry, whereas in the past we might not have said that. The industry did more than a billion equity options contracts in 2004, and it's only going to get bigger." Overall options volume in the U.S. last year was about 1.2 billion contracts.

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