The Chicago Board Options Exchange (CBOE) plans to add options on DIAMONDS (DIA) to its Hybrid Trading System after July 15, 2005, pending regulatory approval.
The addition of DIAMONDS options brings the number of index options available for trading on the CBOE Hybrid Trading System to 36, including options on the S&P 500 Depositary Receipts (SPY), Mini-Nasdaq 100 Index (MNX) and Nasdaq-100 Index Tracking Stock (QQQ).
“We are tremendously pleased with the success of our Hybrid Trading System so far, and look forward to
the opportunities that will be provided to the investing public as we continue our measured roll-out of the system,” said CBOE Chairman and CEO William J. Brodsky. “The CBOE Hybrid Trading System, which was built in-house, was designed to be, first and foremost, adaptable and expandable to meet the challenges of today’s rapidly changing competitive environment.”