London Stock Exchange Group today welcomed executives from CBOE Holdings Inc
London Stock Exchange Group today welcomed executives from CBOE Holdings Inc. to announce a licensing agreement to develop and list options on more than two-dozen FTSE and Russell indices.
Under the agreement, cash-settled options on these indices will only be available to trade in the United States on the Chicago Board Options Exchange (CBOE). In addition, as part of the agreement, CBOE and LSEG will collaborate on new index options and volatility products and investor education initiatives globally. Trading in FTSE and Russell index-based options will begin in the coming months.
Listed indices covered by the deal represent a diverse group of domestic and global equities with global appeal. The FTSE Indexes focus primarily on global and emerging equity benchmarks that are widely used in the U.S. market, and include the bellwether FTSE 100, the index of blue-chip U.K. stocks traded on London Stock Exchange. The Russell Indexes include widely followed benchmarks of U.S.-based equities, and include the Russell 2000, the premier measure of the performance of U.S. small-cap stocks.
CBOE Holdings is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and the C2 Options Exchange (C2). Since creating the first cash-settled index option in 1983, CBOE has been a pioneer and leader in index options trading. CBOE, the largest options exchange and creator of listed options in the U.S., continues to set the bar for options and volatility trading through product innovation, trading technology and investor education.
CBOE Holdings offers equity, index and ETP options, including proprietary products such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other CBOE products include equity options, security index options, Weeklys options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM).