📋 Tender Overview
Designed to make options trading more accessible for the retail traderLower-price simple tool for exploring options trading strategiesCash-settled no delivery of physical shares and European-style no early exerciseLaunching Nanos SP 500 in first-quarter 2022 expanding SP 500 Index options suiteCboe Global Markets Inc a leading provider of global market infrastructure and tradable products today announced plans to launch Nanos by Cboe a first of its kind options contract designed to simplify options trading. Nanos by Cboe help make options trading accessible for the everyday retail trader allowing them to start small learn as they go and grow their trading confidence.Cboe plans to launch its first Nanos on the SP 500 Index in first-quarter 2022. At a fraction of the size of a standard options contract the one-multiplier cash-settled Nanos SP 500 contract answers the growing demand for a simpler cost-effective way to gain broad exposure to the U.S. equity market. At 1100th the size of an XSP1 option the Mini-SP 500 Index options contract Nanos SP 500 ticker symbol NANOS help simplify the process of trading options letting traders focus on understanding the market and refining their trading strategies.The SP 500 Index SPX options market is one of the most highly traded and liquid options markets across the globe and has served primarily institutional investors well for years however the higher price of a standard option contract can be a barrier to entry for retail traders. The smaller size of Nanos may help beginners gain confidence as they learn and apply basic trading strategies utilize simplified analytics when identifying and sizing trades and continue on a learning path.Our goal with Nanos is to use education to inspire and empower new market participants to pursue a sustainable financial future. We believe Nanos are more appropriately sized for retail traders and enable traders to better express their opinions on market movements at a comparatively lower premium price said Ed Tilly Chairman President and CEO of Cboe Global Markets. Through our Nanos SP 500 product we are broadening access to a greater universe of traders who can enjoy the potential benefits options provide including hedging asset allocation and income generation strategies.Listed options are a time-tested and valuable investment tool that allow market participants to gain market exposure and manage their risk however it is important that new investors understand how to use options products and the potential risks2. To complement the launch of Nanos the Cboe Options Institute plans to offer a new options introductory curriculum tailored to retail traders.Cboe Global Markets has a long-standing commitment to education which better enables all types of investors to access our markets understand our products and potentially benefit from our solutions said Rob Hocking Head of Derivatives Strategy at Cboe. We are continuously evolving our education programs to offer more retail-centric content through the Options Institute and we are thrilled to welcome a new generation of investors to options trading with the launch of Nanos.The Nanos SP 500 product complements Cboes exclusive suite of SP DJI Index options which include SP 500 Index SPX options with A.M. and P.M. settled weekly and monthly expiring contracts Mini-SP 500 Index XSP options which are one-tenth the size of SPX options with P.M. settled weekly and monthly expiring contracts and options on the SP 500 ESG Index options and certain SP Select Sector Indices with monthly expiring contracts. The creation of these new smaller contracts will provide market participants with additional tools to execute their U.S. large-cap equity trading strategies. Similar to standard SPX options Nanos SP 500 will be structured as European-style options no early exercise and cash-settled no delivery or assignment of shares at expiration with P.M. settlement. For additional information on Nanos by Cboe visit www.cboe.comnanos. About Cboe Global Markets Inc.Cboe Global Markets a leading provider of market infrastructure and tradable products delivers cutting-edge trading clearing and investment solutions to market participants around the world. The company is committed to operating a trusted inclusive global marketplace providing leading products technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes including equities derivatives and FX across North America Europe and Asia Pacific.
