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Chiicago Board Optiions Exchange Annuall Report 2003 - page 3 / 28

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By launching CBOEdirect HyTS, CBOE has created a unique trading model, unlike that of any other options exchange.

The robust technology encompassed in CBOEdirect HyTS combines the best features of screen-based trading and floor-based markets. By crafting a multi- faceted trading environment that combines the key elements of each, CBOE now offers customers and market makers a groundbreaking “best of both worlds” options marketplace.

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  • CBOE 2003

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