Cboe Global Markets, Inc., the world's leading derivatives and securities exchange network, announced plans to launch futures and options on the new Cboe Magnificent 10 Index, subject to regulatory review. The new product suite will offer investors a way to gain targeted exposure to several of the most actively traded AI technology-focused stocks through cash-settled index futures and options.

The Cboe Magnificent 10 Index, launching soon, is a thematic, equal-weighted benchmark designed to measure the price return of 10 U.S.-listed large-cap stocks of technology and growth-orientated companies. The current constituents include all the Magnificent 7 stocks (Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia, and Tesla), in addition to Advanced Micro Devices (AMD), Broadcom, and Palantir. The value of the MGTEN Index will be available on the Cboe Global Indices Feed via the Cboe Global Indices Channel. Cboe intends to list futures and options on the Cboe Magnificent 10 Index that will trade on a nearly 24x5 basis, providing a comprehensive suite of tools for market participants seeking to manage risk, enhance yield, and express their views on the most dynamic segment of the U.S. equity landscape.

"Both institutional and retail traders are increasingly looking for smarter ways to gain exposure to the most influential, market-moving stocks – along with tools to manage their positions and hedge risk more precisely, both intraday and around the clock," said Cathy Clay, Global Head of Derivatives at Cboe, at the HOOD Summit in Las Vegas. "With our new MGTEN Index futures and options, we're bringing the best of Cboe's indexing and derivatives expertise to meet this demand. These products deliver curated exposure to a select group of high-impact stocks in a single solution – rather than managing 10 separate positions – while helping to reduce the concentration risk that may come with trading individual stocks. In particular, as market participants increasingly utilize cash-settled index options for short-dated strategies, we believe MGTEN options will similarly be a powerful tool for implementing daily trading strategies around these in-demand stocks."