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Cboe Extends Exclusive S&P 500 Options License Through 2051
Filed with the SEC on · Summarized by InvestorsBot
Cboe Exchange signed a 25-year extension with S&P Opco, LLC and affiliates, continuing Cboe’s exclusive rights to use the S&P 500 Index and related marks for U.S. standardized options through December 31, 2051. Updated per-contract royalty fees begin January 1, 2027; Cboe said the 2027 terms are expected to have a de minimis impact on net revenue growth, while the agreement also includes cross-licenses for certain volatility, BuyWrite and variance indices and potential future product innovation.