Philip Slocum, CBOE senior vice president of trading operations, (from right to left) and options traders John Streibich and Tony Carone watch the overhead monitors as the first trades are transacted on a new hybrid trading system at the Chicago Board Options Exchange June 12, 2003 in Chicago, Illinois. The CBOEdirectHyTS combines the advantages of the open-outcry floor trading system with the best of screen-based trading systems. The CBOE hopes to have most commonly traded options on the hybrid trading system by year's end.
