Friday, April 26, 2013

Options Trading Resumes as Normal on CBOE

From WSJ: Trading on the Chicago Board Options Exchange resumed normally Friday in the wake of a software glitch that delayed business for more than three hours Thursday and left U.S. markets without crucial hedging tools.

The largest U.S. stock-options exchange by volume experienced an early problem, as one series of options contracts was briefly halted by what CBOE called a "system issue," but traders said this was a common occurrence and didn't cause wider disruption.

"So far, we aren't noticing anything out of line," said Joe Bell, senior equity analyst with Schaeffer's Investment Research Inc., which advises investors on option-trading strategies…

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