CHICAGO, March 13, 2019 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), one of the world's largest exchange
holding companies, announced today it has entered into an agreement
with MSCI Inc. (NYSE: MSCI), a
leading provider of indexes and critical investment decision
support tools and services, to launch a suite of
derivatives-based strategy performance benchmark and volatility
indexes based on the MSCI Emerging Markets Index (MXEF) and the
MSCI EAFE Index (MXEA), key indexes for investors seeking exposure
to international and emerging markets.
Cboe's benchmark indexes are designed to help investors track
the performance of investment strategies that use options or
volatility products to help manage risk, reduce volatility and
enhance yield.
The new Cboe-MSCI benchmarks are expected to be designed in the
same manner as the widely followed derivatives-based strategy
performance benchmark and volatility indexes currently available on
Cboe's S&P Dow Jones and FTSE Russell derivatives index
products. BuyWrite, PutWrite and Volatility indexes are being
developed for both MXEF and MXEA. Cboe may develop up to 50
strategy benchmark and volatility indexes over
time.
"MSCI is a key index partner and Cboe is pleased to expand its
relationship through this agreement, which will be an important
step in the further growth of the MSCI-related index suite at
Cboe," said John Deters, Chief
Strategy Officer and Head of Multi-Asset Solutions, Cboe Global
Markets. "Cboe continues to define index options and
volatility trading with innovative products and trading
solutions. We believe these new Cboe-MSCI benchmarks will
serve as important tools for investors seeking to implement
derivatives-based strategies and improve risk-adjusted returns
within a portfolio."
"Investors are increasingly looking for different ways to
efficiently gain exposure to the global equity markets in their
portfolios, while managing the inherent risk and volatility that
may impact returns," said George
Harrington, Global Head of Futures and Options Licensing at
MSCI. "We are pleased to continue working with Cboe to grow
their MSCI product suite and help investors manage and measure
their derivatives-based strategy performance to help accomplish
this."
The MSCI Emerging Markets Index (MXEF) captures large- and
mid-cap representation across 23 Emerging Markets (EM) countries.
With more than 800 constituents, the index covers approximately 85
percent of the free float-adjusted market capitalization in each
country.
The MSCI EAFE Index (MXEA) is recognized as the pre-eminent
benchmark in the United States to
measure international equity performance. It comprises the MSCI
country indexes that represent developed markets outside of
North America: Europe, Australasia and the Far East. The MSCI
EAFE Index is calculated in U.S. dollars on a real-time basis and
disseminated every 60 seconds during market trading hours.
For more information on Cboe options on MSCI Indexes, visit
www.cboe.com/MSCI.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 45
years of expertise in research, data and technology, MSCI powers
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. MSCI creates industry-leading
research-enhanced solutions that clients use to gain insight into
and improve transparency across the investment process. To learn
more, please visit www.msci.com.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world's
largest exchange holding companies, offering cutting-edge trading
and investment solutions to investors around the world. The company
is committed to relentless innovation, connecting global markets
with world-class technology, and providing seamless solutions that
enhance the customer experience.
Cboe offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and multi-asset volatility products based on
the Cboe Volatility Index (VIX Index), the world's barometer for
equity market volatility.
Cboe's trading venues include the largest options exchange in
the U.S. and the largest stock exchange by value traded in
Europe. In addition, the company is one of the largest stock
exchange operators in the U.S. and a leading market globally for
ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New
York, London, San Francisco, Singapore, Hong
Kong and Quito,
Ecuador. For more information, visit www.cboe.com.
Media
Contacts
|
Analyst
Contact
|
|
Suzanne
Cosgrove
|
Stacie
Fleming
|
|
Debbie Koopman
|
+1-312-786-7123
|
+44-20-7012-8950
|
|
+1-312-786-7136
|
scosgrove@cboe.com
|
sfleming@cboe.com
|
|
dkoopman@cboe.com
|
CBOE-OE
Cboe®, VIX® and Cboe Volatility Index® are registered
trademarks and Cboe Global MarketsSM is a service mark
of Cboe Exchange, Inc. All other trademarks and service marks are
the property of their respective owners. MSCI® and the MSCI index
names are service marks of MSCI Inc. or its affiliates and have
been licensed for use by Cboe Exchange, Inc. MSCI does not sponsor,
promote or market investment products based on the MSCI indexes and
will not have any liability with respect thereto.
Cboe Global Markets, Inc. and its affiliates do not recommend
or make any representation as to possible benefits from any
securities or investments, or third-party products or services.
Investors should undertake their own due diligence regarding their
securities and investment practices. This press release
speaks only as of this date. Cboe Global Markets, Inc. disclaims
any duty to update the information herein. Nothing in this
announcement should be considered a solicitation to buy or an offer
to sell any securities in any jurisdiction where the offer or
solicitation would be unlawful under the securities laws of such
jurisdiction. Nothing contained in this communication constitutes
tax, legal or investment advice. Investors must consult their tax
adviser or legal counsel for advice and information concerning
their particular situation.
Cboe Global Markets, Inc. and its
affiliates, to the maximum extent permitted by applicable law,
make no warranty, expressed or
implied, including, without limitation,
any warranties as of merchantability,
fitness for a particular purpose,
accuracy, completeness or timeliness,
the results to be obtained by
recipients of the products and
services described herein, or as to the ability of the
Cboe benchmark and volatility indexes and MSCI indexes to track the
performance of the various strategies, and shall not in any way be
liable for any inaccuracies or errors. Cboe Global Markets,
Inc. and its affiliates have not calculated, composed or determined
the constituents or weightings of the securities that comprise the
MSCI indexes and shall not in any way be liable for any
inaccuracies or errors.
Forward-Looking Statements
Certain
information contained in this news release may constitute
forward-looking statements. We caution readers not to place undue
reliance on any forward-looking statements, which speak only as of
the date made and are subject to a number of risks and
uncertainties.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cboe-to-launch-suite-of-derivatives-based-strategy-benchmark-and-volatility-indexes-based-on-msci-emerging-markets-and-eafe-indexes-300811986.html
SOURCE Cboe Global Markets, Inc.