Cboe Global Markets signs exclusive licensing agreement with FTSE Russell

Maria Nikolova

The agreement provides 10-year extension of Cboe’s US exclusivity to offer trading in options on FTSE Russell Indices.

Cboe Global Markets, Inc today announces the signing of an exclusive licensing agreement with FTSE Russell which extends Cboe’s rights to develop and list index options products based on FTSE Russell global indices through 2030.

The extended partnership enables Cboe to continue its successful FTSE Russell-based options franchise and provides opportunity for Cboe to further expand its product suite and create additional trading opportunities for investors.

Under the renewed agreement, initially signed in 2015, Cboe will continue to have exclusive rights in the United States to offer trading in options on the Russell 2000® Index (RUT), Russell 1000® Index (RUI), Russell 1000® Style (Growth (RLG) and Value (RLV)) Indices for the next 10 years. Cboe also aims to collaborate with FTSE Russell to drive greater volume and liquidity through expanded product offerings, including the potential for new options on nearly two dozen additional FTSE Russell indices, subject to regulatory review, education, content and services for customers and market participants.

FTSE Russell indices are among the largest and most widely used by investors in the United States. And US ETFs tracking FTSE Russell comprise some of the most actively traded globally. Index-based cash-settled options on the FTSE Russell indices may serve as valuable investment tools for investors to gain efficient exposure to US and global equity markets, manage risk and volatility, and enhance yield.

In 2019, average daily volumes for FTSE Russell index-based options traded at Cboe were approximately 40,000 contracts with total open interest standing at over 500,000 contracts at year end. Options on the Russell 2000® Index (RUT) were first offered at Cboe in 1992, and continue to be one of the five most liquid cash-settled equity index options listed in the United States.

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