Reuters logo
4 years ago
CBOE, S&P Dow Jones Indices extend license agreement to 2033
March 13, 2013 / 1:10 PM / 4 years ago

CBOE, S&P Dow Jones Indices extend license agreement to 2033

1 Min Read

March 13 (Reuters) - The Chicago Board Options Exchange (CBOE) will keep exclusive rights to offer trading in indexes published by S&P Dow Jones Indices through 2032 and non-exclusive rights through 2033 under an agreement with owner McGraw-Hill Companies Inc.

The agreement between McGraw-Hill and CBOE owner CBOE Holdings Inc, which gives the CBOE rights to use the S&P 500 and the S&P 100 indexes to create options on those indexes and other derivative indexes, was set to expire in 2022.

CBOE will pay S&P Dow Jones Indices royalties on S&P 500 options and on its widely watched CBOE Volatility Index, or VIX . Financial terms were not disclosed.

The S&P 500 options contract is the most-active U.S index option, averaging nearly 700,000 contracts traded daily in 2012.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below