Thursday, May 2, 2013

Glitches Hit Some Options Trading…Again

According to the WSJ: The Chicago Board Options Exchange CBOE +0.72% suffered system problems early Thursday that affected trading in some stock-options contracts.

About 300 classes of stock options hosted on an exchange "business cluster" run by CBOE opened for trade 10 minutes late Thursday, after the exchange reported systems issues ahead of the start of trading.

Some "spread" trading strategies remained unavailable a half-hour later, affecting investors' ability to carry out more complicated, multipart transactions.

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