CHICAGO, Sept. 15, 2016 /PRNewswire/ -- Chicago Board Options Exchange® (CBOE®) today announced that it plans to launch options on the FTSE Emerging Index on September 26, 2016. The FTSE Emerging Index is a market-capitalization weighted index representing the performance of large and mid-cap companies from advanced and secondary emerging markets.
The FTSE Emerging Index (Ticker: FTEM) includes approximately 972 securities from 22 countries, as of August 31, 2016, and covers a range of industries, from commodities to banking to technology. The index is derived from markets within the FTSE Global Equity Index Series (GEIS), which gives investors a comprehensive way to measure the performance of the most liquid companies in the global emerging markets.
"We are pleased to expand our FTSE global offerings with the launch of these new options on the FTSE Emerging Index, which give both our domestic and international customers the ability to trade and hedge exposures to an interesting and often volatile segment of the global equity marketplace," said CBOE Holdings CEO Edward T. Tilly.
CBOE's listing of options on the FTSE Emerging Index is part of a licensing agreement between CBOE and London Stock Exchange Group (LSEG), signed in February 2015 (see press release). The deal made CBOE the exclusive U.S. provider of cash-settled index 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.
CBOE listed options on the FTSE 100 and the FTSE China 50 indexes in March 2016.
FTSE Russell indexes represent a diverse group of domestic and global equities that are among the largest and most widely used by U.S. investors. In addition, U.S. exchange traded funds (ETFs) tracking FTSE Russell indexes comprise some of the most actively traded ETFs globally. For more information, visit www.cboe.com/FTSERussell.
In addition, contract specifications for options on the FTSE Emerging Index are available on the product microsite at www.cboe.com/FTEM.
About CBOE
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 500 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.
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CBOE®, Chicago Board Options Exchange®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, 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. FTSE® and the FTSE indexes are trademarks and service marks of FTSE International Limited, used under license. All other trademarks and service marks are the property of their respective owners.
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SOURCE CBOE
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