CHAPTER3

Exchanges, Brokers, and Other Market Institutions

In This Chapter

  • The many different options exchanges
  • The role of the clearinghouses
  • Other organizations handling options
  • Brokers who deal with options traders

Of course, you’ll need a brokerage account to trade options. However, you also will deal with many other institutions that have a critical role in developing options, ensuring that trades clear, and regulating the industry. This chapter gives you an overview of these institutions and how they work together to keep the options markets functioning smoothly.

Keep in mind that the financial services industry has been going through ...

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