CHICAGO and GENEVA, Sept. 29, 2015 /PRNewswire/ -- In remarks made at CBOE's Risk Management Conference Europe (RMC) in Geneva, Switzerland, CBOE Holdings President and Chief Operating Officer Edward Provost today announced the company's planned launch of options on the Russell 1000® Index (ticker symbol: RUI), the Russell 1000® Value Index (ticker symbol: RLV) and the Russell 1000® Growth Index (ticker symbol: RLG).
Options on the three FTSE Russell indexes are expected to begin trading at CBOE on October 20.
The new options are part of a licensing agreement forged by CBOE and London Stock Exchange Group (LSEG) in February 2015 (see February 26 press release), which made CBOE the exclusive U.S. provider of options on more than two dozen LSEG-owned FTSE Russell indexes, and also provided for the two companies to collaborate on the development of additional index options products and investor education globally.
Under the licensing agreement, CBOE on April 1 became the exclusive U.S. home for options on the Russell 2000® Index (ticker symbol: RUT), the widely followed measure of the U.S. small-cap market.
The three new Russell Index options will enable investors to target additional segments of the U.S. equity market: the Russell 1000® Index (RUI) measures the performance of a broad U.S. large-cap equity segment and represents approximately 92 percent of U.S. equity market capitalization; the Russell 1000® Value Index (RLV) measures large-cap equities with lower price-to-book ratios and expected growth values; and the Russell 1000® Growth Index (RLG) measures large-cap stocks with higher price-to-book ratios and anticipated growth values.
"These Russell large-cap indexes are important benchmarks for institutional investors," said Provost. "CBOE's ability to provide options on these indexes, alongside our popular Russell 2000 product, will enable our customers to efficiently target and trade important segments of the U.S. equity market. We look forward to the continued rollout of additional FTSE Russell products, which will create further trading opportunities for our customers."
"We are excited to continue to build on our growing relationship with the CBOE," said Patrick Fay, global head of derivatives for FTSE Russell. "Combining our well-recognized and high-quality indexes with the strength and reach of CBOE in the options marketplace is a win win for our clients."
The FTSE Russell Indexes represent a diverse group of domestic and global equities that offer international appeal. They are among the largest and most widely used by U.S. investors. In addition, U.S. ETFs tracking FTSE Russell Indexes comprise some of the most actively traded ETFs globally.
About CBOE Holdings, Inc.:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, 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 options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.
CBOE-OE
CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, The Options InstituteSM and WeeklysSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE and CFE. Russell®, Russell 1000® and Russell 2000® are registered trademarks of Frank Russell Company, used under license. All other trademarks and service marks are the property of their respective owners.
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SOURCE CBOE Holdings, Inc.
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