Cboe FLEX Options and the CFLEX Platform
FLexible EXchange® Options (FLEX Options) are customized equity or index option contracts which provide the ability to customize key contract terms, like exercise prices, exercise styles and expiration dates, without the administrative requirements of ISDA agreements. Of particular interest to EIA writers, options contracts with non-standard expirations and strike prices set at end of day can be created daily. For VA writers, current maximum term is 15 years from trade date. For information on Index FLEX options, click here. For Equity FLEX options, click here.
The CFLEX platform, launched by Cboe in 2007, is the first Internet-based, fully-automated, electronic FLEX options trading system in the U.S. The CFLEX system offers FLEX users a host of benefits, including significantly reducing costs, establishing clearing transparency and counterparty anonymity, and offering point-and-click execution of FLEX trades. For more information or to schedule a demo click here.