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DESIGNATED PRIMARY MARKET-MAKER (DPM) ADMINISTRATION DEPARTMENT

The DPM Administration Department is responsible for the development and support of the Modified Trading System as it applies to DPMs and e-DPMs, including the selection, oversight and removal of DPMs and e-DPMs. This includes approval of applicants, operational and performance reviews of DPMs and e-DPMs, transfer of interest transactions of DPMs and e-DPMs and conditional approvals or terminations to act as DPMs.

The Department is also responsible for supporting the processes of product allocation, reallocation, monitoring, swapping and delisting of option classes and other non-option products to trading crowds, DPMs and e-DPMs. The Department, on a regular basis, conducts market share reviews of new, reallocated or swapped option classes. The Department is responsible for locating or relocating specific product to achieve efficient utilization of trading space resources. The Department also supports the above functions for CBSX. The Department supports the Allocation Committee and its related subcommittees.

If you would like further information about the Department, please call (312) 786-7715.



Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.