CBOE Holdings, Inc (NASDAQ:CBOE) plans to beef up the menu of trading instruments based on FTSE Russell Indexes, with options on three indices to join the lineup from October 20, 2015.
The instruments are 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).
The new options are part of a licensing agreement sealed by CBOE and London Stock Exchange Group (LSEG) in February this year. Under the agreement, CBOE became the exclusive US provider of options on a variety of LSEG-owned FTSE Russell indexes.
In addition, on April 1, 2015, CBOE became the exclusive US trading venue for options on the Russell 2000® Index (ticker symbol: RUT). Talking of RUT options, let’s mention that on August 20, 2015, CBOE saw more than 259,000 Russell 2000 (RUT) options traded, more than two times higher than the average daily volume since April 1, 2015.
The three new Russell Index options will give investors access to additional segments of the US equity market: the Russell 1000® Index (RUI) measures the performance of a broad US large-cap equity segment; 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 CBOE Holdings President and Chief Operating Officer Edward 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.”
To view the official press release on the planned product launch, click here.