CBOE Holdings, Inc. (NASDAQ: CBOE) and S&P Dow Jones Indices announced today at FIA in Boca Raton, Florida that they have amended their license agreement that extends Chicago Board Options Exchange’s (CBOE) exclusive rights to list security options contracts based on certain indices calculated and published by S&P Dow Jones Indices through 2032, and non-exclusive rights through 2013.
“The launch of S&P 500 index options 30 years ago, along with other index derivatives, marked a dramatic change in how investors could diversify their holdings and trade the large-cap segment of the U.S. stock market,” said Alexander Matturri, CEO of S&P Dow Jones Indices. “We are excited to extend our licensing agreement with our long-time exchange partner, CBOE, to list options on our growing family of leading stock market indices.”
“This year marks 30 years since CBOE introduced the world’s first index options contract and shortly thereafter partnered with S&P Dow Jones Indices to launch trading in S&P 500 index options. For the first time, investors could use index options to gain exposure to the broader stock market with a single transaction — a groundbreaking concept that investors now take for granted,” CBOE Holdings Chairman and CEO William J. Brodsky said. “Our partnership with S&P Dow Jones Indices has deepened over the years, with new business opportunities we never dreamed of back in 1983, including creating new products, benchmarks, and strategy indexes.”