Cboe Expands Collaboration with FTSE Russell to Enable Digital Assets Derivatives

Cboe Global Markets, Inc. (Cboe: CBOE), the derivatives and securities exchange network, announced it is expanding its collaboration with FTSE Russell, a global index provider, to drive products in the digital assets space.

This new initiative builds on Cboe and FTSE Russell’s longstanding relationship and will leverage their “combined expertise to develop new derivatives products, potentially beginning with cash-settled index options tied to the FTSE Bitcoin Index and the FTSE Ethereum Index.”

The collaboration underscores “the companies’ shared commitment to growing the digital assets space and expanding investor access to the asset class.”

Cboe’s plans to list cash-settled index options “on FTSE’s indices, subject to regulatory approvals, would help meet growing investor demand for exchange-traded derivatives to gain and manage crypto exposures in a trusted, transparent and U.S.-regulated trading environment.”

Catherine Clay, Global Head of Derivatives at Cboe, said:

“For many years, Cboe and FTSE Russell have worked together to offer index options based on FTSE Russell indices, which have grown into some of the world’s most actively traded products. Our expanded relationship today mirrors that successful model of collaboration, combining Cboe’s unrivalled derivatives expertise with FTSE’s world-class indexing capabilities to potentially bring new solutions to the digital assets space. Derivatives has long been an area where Cboe excels, and now we are strategically expanding our expertise into the digital assets space. As these two asset classes converge, we look forward to driving continued innovation and our relationship with FTSE Russell will be key to this strategy.”

The FTSE Bitcoin Index and FTSE Ethereum Index “are part of the FTSE Digital Asset Indices Series, which is developed in partnership with Digital Asset Research (DAR).”

These indices are designed to capture “the performance of bitcoin and ether, as determined by the FTSE DAR Reference Price, and provide institutional-quality, liquidity-screened exposure to the digital asset market.”

Fiona Bassett, CEO of FTSE Russell, said:

“We are delighted to continue working alongside Cboe Global Markets, realizing our mutual commitment to enable new asset innovation in financial markets. Our indices are used by some of the largest crypto asset managers in the world for their best-in-class data and processes built to manage regulatory and trading risk – critical differentiators for the data in this asset class.”

Cboe’s Broader Digital Assets Franchise

Cboe’s expanded collaboration with FTSE Russell “follows the recent realignment of its digital assets business – a move that will consolidate all Cboe U.S. futures products, including digital asset futures, onto one exchange, subject to regulatory review, powered by Cboe’s broader global derivatives franchise and technology platform.”

Furthermore, the collaboration is expected “to introduce new products that will complement Cboe’s existing digital assets initiatives.”

These currently include the listing and trading “of cash-settled bitcoin and ether margin futures, along with spot bitcoin ETFs, where Cboe BZX Equities Exchange lists six out of the 11 ETFs listed domestically.”

Additionally, Cboe submitted five of “the eight recently SEC-approved rule filings to list ETFs tied to the price of ether.”

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