• Thought of the Day

    Thought of the Day

    2000: It is easier for a poor man to go through the eye of a needle than it is for him to get past a rich mans receptionists.

    –Fred Schwed, Where Are the Customers Yachts? (Wiley reprint ed.), 1995, p. 34.

Today in Financial History

1973: The Chicago Board Options Exchange opens for trading, with call options available on 16 U.S. common stocks. For the first time, stock options are listed on a dedicated exchange and registered for trading in standardized form, creating a "fair and orderly market." (Total volume on the first day: 911 contracts.)