The Chicago Board Options Exchange (CBOE) and the Dow Jones Indexes co-hosted a Symposium on the 1987 Stock Market Crash at the CBOE this morning, marking the upcoming 20 year anniversary of the ’87 Crash.
The panel was comprised of market experts representing the views of trading, clearing, exchanges and market analysis, all of whom played key roles in the 1987 markets, including William J. Brodsky, chairman and chief executive officer of CBOE, who was president and chief executive officer of the Chicago Mercantile Exchange (CME) at the time of the crash.
On Monday, Oct. 19, Black Monday, the stock market crashed. That day the DOW plunged 508 points, 22.6%, and traders were filled with panic.
But it got worse on Tuesday when the stock market plunged at the open. Trading at the New York Stock Exchange was halted, the CBOE halted trading at 11:45 (CST) and the CME halted trading about a half-hour after that.
