Monday November 1 2021

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: US


On 27th October 2021, Cboe Global Markets, Inc (Cboe: CBOE) announced it plans to list additional LEAPS (Long-Term Equity Anticipation Securities) options on the S&P 500 Index (SPX) that offer expiration dates in December 2024, December 2025 and December 2026, respectively, on Cboe Option Exchange, beginning November 1st, 2021.

LEAPS options aim to provide market participants with effective and efficient tools to trade, manage risk or gain exposure to the broad market for a much longer time frame than standard options with monthly expirations.

Cboe continues to broaden accessibility and provide ease of use to its index options products in the listed market, while further expanding its customer base. Significantly, the offerings will provide institutional investors who are currently trading SPX options only in the over-the-counter (OTC) market, with solutions to trade SPX options in a regulated and transparent market place that offers  price discovery, central clearing and liquidity.

SPX options are exclusively listed on Cboe Options Exchange and are among the most actively traded index options products in the world. SPX options are designed to help investors gain efficient exposure to the U.S. equity market and execute risk management, hedging, asset allocation and income generation strategies

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