Cboe Plans Credit Futures Product Expansion

Cboe Global Markets has set out plans to expand its credit futures product universe with the listing of new index futures on Cboe Futures Exchange. Cboe iBoxx $ Emerging Market Bond Index futures will be listed for trading on June 17. The new futures will be based on the S&P Dow Jones Indices’ iBoxx USD Liquid Emerging Market Sovereigns and Sub-Sovereigns Index. The futures will be exchange-traded and centrally cleared. Cboe confirmed this will limit counterparty risk compared to over-the-counter instruments. They will be cash settled and available to trade almost 24 hours per weekday. Cboe Futures Exchange will be listed for trading up to four near-term serial contract months and four contract months on the March quarterly cycle for the futures.