Cboe expands options on S&P 500 Equal Weight Index
The new options come amid increased interest in options due to US equity market exposure and volatility; Belvedere Trading will be the lead market maker.
The new options come amid increased interest in options due to US equity market exposure and volatility; Belvedere Trading will be the lead market maker.
The past week saw appointments and role changes across trading venues, the buy-side, and regulators.
Individual brings 15 years of experience in previous portfolio management and trading roles.
The launch marks the first product to be integrated under the network’s latest collaboration with FTSE Russell.
Venture was agreed in October; “We remain committed to supporting regulators and the industry to help deliver a tape that meets users’ needs,” a Cboe Europe spokesperson tells The TRADE.
The TRADE sits down with Stephen Dorrian, head of market data and access services, Europe, at Cboe Data Vantage to unpack how the data landscape is set to evolve in 2025 and beyond, the key changes to look out for when it comes to consumption, and what’s top of the list of priorities going forward.
The product will be available from 2 December; exclusively listed and traded on Cboe Options Exchange.
Cboe has posted a record net revenue of $514 million; each component of the exchange experienced increased revenue in Q2 2024.
In light of the US ATS’ looking to migrate to Europe and new offerings being proposed by European exchanges, Annabel Smith weighs up increased fragmentation against innovation, exploring the new competitive landscape, the prospect of private rooms, and who might be the provider to benefit most from first mover advantage.
“Trading floors represent a different way of doing things, not a worse way, not an inferior way. A different way of doing it - there’s value in that,” says one market expert.