Cboe Global Markets, a provider of global market infrastructure and tradable products, is to launch trading in Mini S&P 500 Index options during global trading hours, which will make the product available to customers nearly 24 hours every business day on Cboe Options Exchange, beginning 11 December, 2022.
Cboe Global Markets, a provider of global market infrastructure and tradable products, is to launch trading in Mini S&P 500 Index (XSP) options during global trading hours (GTH), which will make the product available to customers nearly 24 hours every business day on Cboe Options Exchange, beginning 11 December, 2022.
The planned launch will add to Cboe’s existing offering of its flagship S&P 500 Index (SPX) options and Cboe Volatility Index (VIX) options and futures during the GTH session. With the ability to trade all four products around the clock, market participants globally will have even more product choice to manage risk more efficiently, react to global macroeconomic events as they are happening and adjust their positions, no matter the hour of the day.
The offering of XSP options during GTH is Cboe’s latest enhancement to further broaden customer access to the XSP product suite. In October, Cboe began listing XSP options with Tuesday and Thursday weekly expiring contracts to provide expirations on every business day of the week.
Alongside SPX and VIX options, XSP options will trade during all three sessions. Similar to SPX options, Cboe will offer both standard monthly-expiring contracts and daily-expiring contracts for XSP options during all sessions.
At 1/10th the size of a standard SPX options contract, XSP options provide a more manageably sized contract and greater flexibility for new index options traders or traders looking to manage their notional exposure with greater precision.
