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Structure of Exchange-Traded Options Markets

  • Robert Tompkins
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

In this chapter, I will examine how exchange-traded options markets function. Initially, I will explain the role of the clearing house and the mechanics of margining at a typical futures and options exchange. Then, I will examine in detail the structure of four option markets that have different structures: the Philadelphia Stock Exchange, the European Options Exchange, the Option Market (Stockholm) and the Chicago Mercantile Exchange. At that point, I will finish the chapter with a discussion of a new kind of margining system that is based upon the risk analysis techniques presented in Chapter 9.

Keywords

Call Option Market Maker Short Position Option Market Option Contract 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1991

Authors and Affiliations

  • Robert Tompkins

There are no affiliations available

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