Prop Firm Prime Trading Enters Chicago S&P 500 Options Pit

Prime Trading has established a floor operation at Cboe Options Exchange, in a sign the 177 year-old tradition of face-to-face derivatives trading in Chicago is continuing to attract investment.

Prime joins a cohort of market makers to have set up shop since Cboe revamped its open outcry floor in 2022. The growth underscores the enduring need for in-person trading to connect buyers and sellers on more complex orders, despite most volume shifting to contracts traded on the screen. The Chicago floor has pits where Russell 2000, VIX, single-stock and ETF options trade, along with the S&P 500.

Prime confirmed it ...