Cboe extends S&P 500 options license through 2051
The 25-year renewal keeps Cboe's exclusive S&P 500 options rights in place and leaves 2026 royalty fees unchanged.
Cboe Global Markets shares rose 5% after it signed a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices. The renewed partnership runs through 2051.
The agreement preserves Cboe’s exclusive rights to offer trading in options on the S&P 500 Index, known by the ticker SPX. It also creates opportunities to develop products beyond traditional index derivatives, including potential tokenized options contracts.
Royalty fees for 2026 will remain unchanged, while updated terms take effect in 2027. Cboe estimates those terms will have a de minimis impact on its 2027 net revenue growth when weighed against organic and ecosystem-driven volume growth, pricing optimization opportunities and continued business execution.
As of 1:45 p.m. UTC on Sept. 29, Cboe shares traded at $264.94, up 4.63% since the previous close.
This article was produced with the help of AI technology.
Source: Yahoo Finance
