- Futures and options products to provide exposure to 10 large-cap U.S. tech and growth stocks
- Cboe Magnificent 10 Index (new ticker: MGTN Index) includes Magnificent 7 stocks, AMD, Broadcom and Palantir
- Launch aligns with record options volumes and heightened demand for mega-cap tech exposure
CHICAGO, Nov. 18, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced plans to launch futures and options on the new Cboe Magnificent 10 Index on December 8, 2025, subject to regulatory review.
The Cboe Magnificent 10 Index, which launched on October 14, 2025, under the ticker MGTN, is designed to measure the price return of 10 U.S.-listed large-cap stocks of technology and growth-oriented companies. The index is equal-weighted and includes a fixed set of constituents, subject to change only following specific corporate actions. Current and back-tested values of the MGTN Index are available on the Cboe Global Indices Feed via the Cboe Global Indices Channel.
With MGTN futures and options, investors will be able to trade and seek to manage risk related to some of the most actively watched U.S. stocks through a single tradable product without having to manage multiple positions across individual stocks. Both MGTN futures and options will be cash-settled, eliminating the operational complexity of physical delivery and assignment risk associated with ETF or single-stock options.
"Investors globally are looking for new ways to access and trade the most innovative U.S. companies. The upcoming launch of Cboe Magnificent 10 Index futures and options will deliver that opportunity," said Rob Hocking, Global Head of Derivatives at Cboe. "These products are designed to provide exposure and flexibility—whether for tactical positioning, hedging ahead of earnings, or managing market-moving news in tech and growth sectors. This launch reinforces Cboe's commitment to identifying trends and introducing innovative, tradable solutions that meet the needs of both retail and institutional investors."
Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: "We are pleased that Cboe continues to enhance its product line-up to meet increasing investor interest in thematic investing. Cboe Magnificent 10 Index products will offer active traders and institutional investors the flexibility to manage exposure to some of the most popular names in tech in a transparent and regulated market."
Abhishek Fatehpuria, VP of Product Management at Robinhood, said: "Robinhood customers are increasingly looking for new ways to engage with the market's most influential stocks. Retail investors are techno-optimists who embrace the companies shaping our future. It's exciting to see exchanges like Cboe develop products like MGTN Index options, giving everyday investors diversified exposure to leading tech and growth names while helping them manage risk more effectively."
MGTN options will be listed on Cboe Options Exchange (C1). C1 will initially list two settlement types: AM-settled contracts (options ticker: MGTN) that settle on the third Friday of the expiration month, and PM-settled contracts (options ticker: MGTNW) that settle on the last business day of the expiration month. MGTN options will have a multiplier of $100, meaning when the MGTN Index was at 460 on October 31, one contract would have represented approximately $46,000 in notional value.
MGTN futures will trade on Cboe Futures Exchange, LLC (CFE) and will have a.m. settlement on the third Friday of the expiration month.
To help meet the demand from international investors for U.S. market access, MGTN futures will be available to trade nearly 24 hours a day, five days a week at launch, with Cboe planning to offer Global Trading Hours for MGTN options in early 2026, subject to regulatory approval. MGTN futures and options will be cleared by The Options Clearing Corporation (OCC). For more information, please visit the pre-launch resource hubs: Cboe MAG-10 Futures and Cboe MAG-10 Options.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more, visit www.cboe.com.
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Cboe®, Cboe Global Markets®, CFE®, and Cboe Futures Exchange® are registered trademarks, and Cboe Magnificent 10 IndexSM is a service mark of Cboe Global Markets, Inc. and its subsidiaries. All other trademarks and service marks are the property of their respective owners. Use of third-party trademarks and service marks does not imply an affiliation with or endorsement by the trademark owner and all references by Cboe to third-party trademarks are intended to constitute nominative fair use under applicable trademark laws.
Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606.
Trading in futures and options on futures is not suitable for all market participants and involves the risk of loss, which can be substantial and can exceed the amount of money deposited for a futures or options on futures position. You should, therefore, carefully consider whether trading in futures and options on futures is suitable for you in light of your circumstances and financial resources. You should put at risk only funds that you can afford to lose without affecting your lifestyle. For additional information regarding the risks associated with trading futures and options on futures and with trading security futures, see respectively the Risk Disclosure Statement Referenced in CFTC Letter 16-82 and the Risk Disclosure Statement for Security Futures Contracts.
Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P or the third-party sites referenced in this press release. Investors should undertake their own due diligence regarding their securities, futures, 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 or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice or a recommendation to buy or sell a security, future, or other financial product. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.
Cboe Global Markets, Inc. and its affiliates 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 indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.
There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.
We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
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SOURCE Cboe Global Markets, Inc.
