Question

On the Chicago Board Options Exchange, the person responsible for handling those orders that can be executed immediately is the:__________
A. Order Book Official
B. Floor Broker
C. Market Maker
D. Retail Member

Answer 1

Answer:

B. Floor Broker

Explanation:

Floor brokers on the Chicago Board Options Exchange ( CBOE ) accept orders from member firms for execution. Orders are filled under an open outcry auction system in the trading "pits."

Market makers maintain bid and ask quotes in options contracts.

Order book officials maintain the book of public orders that cannot be immediately filled.