Steps to Establishing a DPM Organization

  1. Review Cboe Rules 8.80-8.91 to verify eligibility and become familiar with Exchange expectations. Please contact Richard Fuller (312-786-7835) with additional questions.
  2. Complete all necessary paperwork with TPH Administration and have at least one Market Maker Permit. Please contact Richard Fuller with additional questions (312-786-7835).
  3. File an application with authorized Exchange staff to become a new DPM. Application forms may be obtained from TPH Administration, located on the 6th Floor, Cboe. Please contact Richard Fuller with additional questions (312-786-7835).
  4. Contact appropriate departmental staff regarding technological, operational and logistical requirements (see contact list below).
  5. Authorized Exchange staff will review proposal and/or completed application, and invite the applicant for an interview.
  6. Authorized Exchange staff will approve/deny request for DPM approval.
  7. Approved DPMs may apply for new option class allocations through the authorized Exchange staff solicitation and approval process. The exchange lists on average 20 new classes every month, and all new DPMs are encouraged to participate in the solicitation and application process.