CBOE Closes Year With $875,000 Seat Prices And 1.9 Million In Average Daily Volume

The Chicago Board Options Exchange (CBOE) announced that 2005 finished with all time high seat prices and record shattering volume levels. At the close of 2005, CBOE reported that seat prices climbed dramatically, reaching record levels midway through the year.

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The Chicago Board Options Exchange (CBOE) announced that 2005 finished with all-time high seat prices and record-shattering volume levels.

At the close of 2005, CBOE reported that seat prices climbed dramatically, reaching record levels midway through the year. On July 18, 2005, a CBOE seat sold for $755,000, surpassing the previous record-high seat price of $750,000 set on March 11, 1998.

CBOE seat prices continued to set new records for the remainder of 2005, culminating with an all-time high sale price of $875,000 on December 20th. This is the seventh record sale price during December, and is more than three times higher than the December 2004 last-sale price of $270,000.

Trading volume at CBOE stood at an average daily volume during the year of 1.87 million contracts, and an estimated total volume of 469 million contracts for all of 2005. up nearly 30% over 2004. CBOE’s Index options volume will also be a record, with over 191 million contracts trading, an increase of more than 41% over last year’s record pace.

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