Cboe Global Markets

#RMC24 kicked off today in Snowbird, Utah - if you're attending, be sure to ask members of the Cboe team about some of the below topics in #markets & #trading... David Howson; Catherine Clay; Kristin Boyd, CFA; Natalie Reed; Nishank Modi; Rob Hocking

News: Cboe Global Markets and S&P Dow Jones Indices Plan to Launch New Cboe S&P 500 Constituent Volatility Index (VIXEQ) ??New index aims to measure the market cap weighted 30-day implied volatility of a basket of S&P 500 constituent stocks ??The VIXEQ Index is a direct component in the calculation of the Cboe S&P 500 Dispersion Index ??Furthers Cboe's and S&P Dow Jones Indices' efforts to provide insight into market volatility and implied dispersion Read the press release ??

#RMC24’s day of ETF-centric content is in the books. Three panels each highlighted a different growing segment of the ETF industry: covered call, fixed income, and buffered #ETFs. The up-and-to-the-right trajectory of derivatives-based income funds is no secret – as of Q3, just covered call ETF assets were up to $80 billion, quadruple the levels seen at the beginning of 2022. And despite that dramatic uptake by the investor community, consensus here in Utah is that there is still plenty of runway available for funds looking to deliver options-writing income in an ETF wrapper. A big reason? The portfolio desires of those in retirement or approaching retirement age. Another avenue for the yield-seeker is some flavor of fixed income, exposure which is easy to gain via an ETF. However, unlike the underlying equity and options #markets supporting covered call ETFs, the #fixedincome market is still in the early stages of its modernization: despite advancements in electronic trading, that still only represents a quarter of all trading activity. The continued growth of fixed income ETFs, then, would further pressure the market to modernize its #trading practices and eliminate opacity. Rounding out the day was a discussion about buffered ETFs, which seek to offer investors a defined investment outcome over a given time frame. This traditionally means offering some degree of downside protection while capping upside participation, objectives that are frequently met through the deployment of FLEX #options (contracts with customizable specifications that we introduced all the way back in 1993). These funds’ use of FLEX options is a big reason why FLEX volumes have nearly quadrupled since 2022. And much like the covered call and fixed income ETF panelists, the consensus was the same: more growth is on the horizon. (Also on the horizon, Thursday’s agenda centered around volatility.) A big thank you to the speakers and RMC sponsors S&P Dow Jones Indices and FTSE Russell, An LSEG Business for making today’s agenda possible!

NEWS: Robinhood to Offer Cboe's Index Options, Expanding Retail Access Read the press release: https://lnkd.in/gGximmKE

It was great to welcome Kurv Investment Management to our trading floor for a bell ringing! ?? The occasion commemorated the 1-year anniversary of Kurv Investment's 6 Yield Premium Strategy series ETFs: #AMZP, #GOOP, #MSFY, #NFLP, #TSLP, #AAPY See their #CboeListed ETFs: https://lnkd.in/gimikXEN

Congratulations to Chris Isaacson, EVP, COO, for being honored by Ingram's Magazine as one of Kansas City's 250 most influential business leaders in 2024. See the full publication and find Chris featured on page 58: https://bit.ly/3BNd1bU

We held the 3rd annual Cboe Pre-RMC Academic Roundtable where I had the privilege of leading an engaging discussion with Cboe Labs industry experts and academics to address key topics in derivatives, from 0DTE and retail trader behaviors, to volatility trading and fixed income derivatives. Thank you to all the participants for driving innovation and shaping the future of our markets. Let's keep pushing forward! Ali Nejadmalayeri, Ph.D., CFA Neil D Pearson AURELIO VASQUEZ Oleg Bondarenko Grigory Vilkov Doris Dobi, Ph.D. Diego Amaya Lorenzo Sch?nleber Alok Khuntia Nishank Modi Pallavi Aggarwal Dennis O'Callahan #Cboe #RMC24 #Derivatives #Innovations #Option #0DTE #Finance #volatilitytrading #VIX

Join us on 10/24 at 12pm CT for the "Enhancing Traditional Covered Call Strategies" webinar ??? Gain expert insights from Kensington Asset Management's Brian Weisenberger, CFA, Liquid Strategies' Shawn Gibson, and our own Richard Rosenthal. Register ?? https://bit.ly/4h8UZRt

Sharon Ang, CFA, Senior Director and Head of Derivatives Sales – APAC Clients, participated in a panel discussion at the Phillip Trading Symposium in Tokyo last week, sharing valuable insights into the latest market developments and key trader considerations. This event was a great opportunity to explore current market trends. Thank you to everyone who connected with us—we look forward to continuing these important conversations. Cboe Global Markets Phillip Nova

Cboe was proud to be the title sponsor at Apex Invest's flagship Las Vegas conference last week, where industry experts and leaders in traditional and alternative investments gathered to foster innovation and new partnerships. Our team, including Christian Bialka, Head of Cboe Global Indices, and Ed Tom, Senior Director of Derivatives Market Intelligence, took the stage to share how investors can potentially leverage the volatility and options ecosystem for predictable investment outcomes. In a time of heightened market uncertainty, risk management and portfolio stability are top priorities for institutional investors. Cboe's powerful suite of solutions, led by the #VIX Index and other derivatives-based indices, empower asset managers to confidently navigate volatility. #ApexInvest #Indices #MarketVolatility #InvestmentStrategies #RiskManagement #DefinedOutcome