The Chicago Board Options Exchange (CBOE) is planning to launch options on the FTSE Emerging Index on 26 September 2016.
The FTSE Emerging Index is a market-capitalisation weighted index representing the performance of large and mid-cap companies from advanced and secondary emerging markets.
The FTSE Emerging Index (FTEM) includes approximately 972 securities from 22 countries, as of 31 August 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-based 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," says CBOE Holdings CEO Edward T Tilly (pictured).
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. The deal made CBOE the exclusive US 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.
