
In the electronic environment CBOE provides potential for price improvement via an auction mechanism.

CBOE offers automated paired order functionality for facilitation and solicitation orders with the Automated Improvement Mechanism (AIM).

CBOE Hybrid's Complex Order Book (COB) and Complex Order Auction (COA), available in all classes, provide automatic execution possibilities and potential for price improvement for complex orders.

The Hybrid Agency Liaison mechanism, or HAL, automates the handling of NBBO rejects.

For trading desks and their customers, CBOE offers the Hybrid Trading System (HyTS) Terminal.

CBOE's internet-based FLEX system.
Please contact us for more information.
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