Wednesday March 20 2024
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: US
On 19th March 2024, Cboe Global Markets, Inc. (CBOE) announced launch of options for trading Cboe MSCI World Index Options (MXWLD), Cboe MSCI ACWI Index Options (MXACW), and Cboe MSCI USA Index Options (MXUSA). The launch is part of Cboe’s deepening relationship with MSCI Inc. (MSCI).
The three new MSCI index options are designed to provide a range of investors exposure to international, developed, and emerging markets and U.S. equity market performance. The new Cboe MSCI index options can provide pension funds, insurance companies, and other institutional investors more efficient ways to hedge their global equity exposure, while minimizing potential tracking error and currency risk. Additionally, each of MXWLD and MXUSA is based on a fraction (1/100th) of the value of its underlying index, making these options more accessible for retail investors.
Cboe initially listed MXACW, MXUSA, and MXWLD with standard expiration on the third Friday of each month. Additionally, Cboe plans to list five end-of-week expirations that are expected to begin trading on 21st March 2024. The three new Cboe MSCI Index options are available for trading on the Cboe Options Exchange.
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