CHICAGO, April 29, 2020 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), one of the world's largest exchange
holding companies, today announced it has signed an exclusive
licensing agreement with FTSE Russell that 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.
![(PRNewsfoto/Cboe Global Markets, Inc.) (PRNewsfoto/Cboe Global Markets, Inc.)](https://mma.prnewswire.com/media/622233/Cboe_Logo.jpg)
Under the renewed agreement, initially signed in 2015, Cboe will
continue to have exclusive rights in the U.S. to offer trading in
options on the widely followed Russell 2000® Index (RUT), Russell
1000® Index (RUI), Russell 1000® Style (Growth (RLG) and
Value (RLV)) Indices for the next 10 years. Cboe also intends 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.
Ed Tilly, Chairman, President and
Chief Executive Officer of Cboe Global Markets, said: "We are
pleased to extend our relationship with FTSE Russell. This is a
strategically important agreement that provides Cboe significant
extension of our exclusivity and the runway to continue investing
in our relationship and product set with FTSE Russell. We look
forward to our strengthened collaboration, combining FTSE Russell's
leading indices with Cboe's derivatives expertise, to create
opportunities to further expand our universe of index options in
the years to come."
Waqas Samad, CEO of FTSE Russell
Indexes and Group Director, Information Services, LSEG, said:
"We're excited to renew our successful relationship with Cboe
Global Markets for another decade, building on the past five
successful years. The depth, breadth and quality of FTSE Russell
global indexes combined with the derivatives reach, reputation and
commitment to education of Cboe Global Markets is a powerful
combination for our clients. This is particularly true now during a
time of market volatility, when investors can benefit more than
ever from index-based options strategies."
FTSE Russell indices are among the largest and most widely used
by investors in the U.S., and U.S. 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 U.S. 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
U.S.
For additional information on Cboe's FTSE Russell index options,
visit http://www.cboe.com/FTSERussell.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) is one of the world's largest
exchange holding companies, offering cutting-edge trading and
investment solutions to investors around the world. The company is
committed to defining markets to benefit its participants and drive
the global marketplace forward through product innovation, leading
edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and volatility products based on the Cboe
Volatility Index (VIX Index), recognized as the world's premier
gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe and is a leading market
globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
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Analyst
Contact
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Angela
Tu
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Stacie
Fleming
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Debbie
Koopman
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+1-646-856-8734
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+44-20-7012-8950
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+1-312-786-7136
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atu@cboe.com
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sfleming@cboe.com
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dkoopman@cboe.com
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CBOE-OE
CBOE-O
Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and
VIX®are registered trademarks of Cboe Exchange, Inc. All
other trademarks and service marks are the property of their
respective owners.
Cboe Global Markets, Inc. and its affiliates do not recommend
or make any representation as to possible benefits from any
securities or investments, or third-party products or services.
Cboe Global Markets, Inc. is not affiliated with FTSE
Russell. Investors should undertake their own due diligence
regarding their securities and investment practices. This press
release speaks only as of this date. Cboe disclaims any duty to
update the information herein.
Nothing in this announcement should be considered a
solicitation to buy or an offer to sell any securities in any
jurisdiction where the offer or solicitation would be unlawful
under the securities laws of such jurisdiction. Nothing
contained in this communication constitutes tax, legal or
investment advice. Investors must consult their tax adviser or
legal counsel for advice and information concerning their
particular situation.
Cboe Global Markets, Inc. and its
affiliates, to the maximum extent permitted by applicable law,
make no warranty, expressed or
implied, including, without limitation,
any warranties as of merchantability,
fitness for a particular purpose,
accuracy, completeness or timeliness, the
results to be obtained by recipients
of the products and services
described herein, or as to the ability of the FTSE Russell
indexes to track the performance of the various strategies, and
shall not in any way be liable for any inaccuracies or errors. Cboe
Global Markets, Inc. and its affiliates have not calculated,
composed or determined the constituents or weightings of the
securities that comprise the FTSE Russell indexes and shall not in
any way be liable for any inaccuracies or errors.
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SOURCE Cboe Global Markets, Inc.