Where is the primary location for trading futures and options?

The Chicago Board Options Exchange (CBOE) is recognized as the primary location for trading options and is a pivotal marketplace for futures as well. Founded in 1973, it was the first organized exchange for options trading, making it a significant player in the derivatives market. The CBOE has developed a robust array of options products, including those based on individual stocks, indexes, and exchange-traded funds (ETFs), facilitating a diverse and active trading environment.

In contrast, while the New York Stock Exchange (NYSE) is well-known for equity trading, it does not serve as the primary trading venue for futures and options. The London Metals Exchange focuses on metals trading, so it is not a primary venue for general futures and options. NASDAQ, while a leader in the trading of technology stocks and securities, does not specialize in futures and options trading like the CBOE does. Hence, the CBOE stands out as the answer due to its specific focus and historical significance in the options and futures landscape.