In this segment, Mark interviews Paul Finnegan and Amy Farnstrom, Co-CEOs of NYSE Arca Options.

Basic Training: Today we're going to dive into spreads. Spreads are really the defining characteristics of options. What is a spread? Why would you do a spread vs. trading an option outright? Max value of a spread is the differential between the two strike prices. Long call spread, aka vertical, examples with everyone's favorite stock XYZ. Spreads have components called legs – they are the individual parts of the spread Roll Call: Mark and Dan sit down with Christopher Newman, the Zecco Trading Vice President of Customer Service, and run him through a few questions.Mail Call: Answering listener questions.

Live from the 2012 OIC Conference, Mark interviews Tom Watson of NYSE Technologies.

CBOE Chairman and CEO Bill Brodsky presents the Pioneering Spirit Award

Coverage of the 2012 OIC Conference begins with the exchange update panel.