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CBOE Success Bullish Sign For Exchange Stocks?

Tuesday, 15 Jun 2010 | 5:39 PM ET

Investors breathed a sigh of relief after a much anticipated IPO delivered on its promise. Shares of CBOE jumped higher in the stock's first day of trade.

Fears that investors would push back against the IPO price proved to be unfounded.

In fact, it was an impressive show of strength, especially since the IPO market hasn’t been less than robust in recent weeks.

Many investors took the action as a sign the exchange business stands to benefit substantially in the wake of financial regulation.

And we’re not just talking the CBOE, but all the exchanges.

What should you expect?

For insights we turned to the boss at another Chicago exchange, CME chief Terry Duffy.

He tells us, "CME exchange volume is up 23.6% year over year. Anywhere from 41% in certain products to 140% in currency trading."

What else must you now about the CME? Watch the video now!

Call to the Floor
Trading the house as the last major exchange goes public, with Terry Duffy, CME Group executive chairman.





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Trader disclosure: On June 15, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman and Finerman’s Firm owns (AAPL); Finerman’s Firm owns (BAC) stock and calls; Finerman and Finerman’s Firm own (BAC) preferred; Finerman and Finerman’s Firm owns (BBY); Finerman owns (BP) calls; Finerman and Finerman’s Firm owns (C); Finerman and Finerman’s Firm own (CVS); Finerman owns (GLW); Finerman (JPM); Finerman’s Firm owns (RIG); Finerman’s Firm owns (WMT); Finerman’s Firm is short (IJR); Finerman’s Firm is short (IWM); Finerman’s Firm is short (MOY); Finerman’s Firm is short (SPY); Terranova owns (IPSU), (BX), (PFE), (GMCR), (RSX), (TER), (AXP), (BMO), (BBY), (DIS), (XCO), (SWN), (GLD), (AAPL), (IPI), (SU), (V), (TEVA), (FXE), (FXB); Terranova owns UK Pounds; Terranova owns Euros; Terranova is short the US Dollar; Terranova owns S&P Futures; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Grasso owns (ABK), (BAC), (BGP), (C), (DYN), (JPM), (LPX), (NDAQ); Kelly owns (GLD); Kelly owns (GDXJ); Kelly owns (BP) puts; Kelly is short (GS)

For Joe Terranova
Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (AMKR)
Virtus Investment Partners owns more than 1% of (IGE)
Virtus Investment Partners owns more than 1% of (DBV)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLV)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (DRYS)

For Steve Grasso
Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (MSFT)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (SYMC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners are short (QQQQ)
Stuart Frankel & Co and it’s partners are short (AAPL)

Dan Niles
Niles and Alpha One Capital own AAPL, BIDU, PWER, VECO, BMI, ITRI, AKAM, AMR & AAI
Niles and Alpha One Capital are short BBY, STD, BBVA, UBS

Scott Nations
Scott Nations owns (MSFT)


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