📋 Tender Overview
Webull to offer Cboes new Nanos SP 500 Index Options at launch in first-quarter 2022Cboes popular SPX and VIX options now available on Webulls trading platformInitiative underscores the two companies commitment to educate the growing retail trading community about index optionsCboe Global Markets Inc a leading provider of global market infrastructure and tradable products announced that Webull Financial LLC a leading retail brokerage platform with a growing global presence will offer Cboes new Nanos SP 500 Index options at launch on its trading platform in first-quarter 2022. The product will be available to customers who are approved to trade options on Webulls platform. This initiative underscores each of Cboes and Webulls ongoing commitment to serve the retail trading community by providing them with access to new options products data and educational resources to help them learn about options trading.Additionally Webull recently began offering Cboes popular SP 500 Index SPX options Cboe Volatility Index VIX options and Mini-SP 500 Index XSP options on its platform giving its retail customers access to cash-settled index options trading. With the planned addition of the new Nanos SP 500 Index options a first of its kind smaller and simpler options contract Webull will provide retail traders on its platform with additional choice on what they can trade tailored to their account size experience levels and investment objectives.We are pleased Webull is bringing Cboes product offerings to its trading platform and introducing the utility of index options to its retail traders said Ed Tilly Chairman President and Chief Executive Officer of Cboe Global Markets. Webull shares our deep commitment to empowering retail investors through delivering education product innovation and broadened access to the markets so that a greater universe of traders can learn about the potential benefits options provide.SPX and VIX options help allow investors to hedge or gain exposure to the broad U.S. market and global equity market volatility and help execute risk management hedging asset allocation and potential income generation strategies. The new and smaller-sized Nanos SPX options are 1100th the size of an XSP option the Mini-SP 500 Index which is 110th the value of the SP 500 Index options contract and designed to make trading more accessible for retail traders. With a one-multiplier Nanos aim to make options trading simpler and more cost-effective compared to standard-sized options allowing retail traders to start small learn as they go and grow their trading confidence.As part of this initiative Webull will also offer all registered members a free subscription to CSMI Cboe Streaming Market Indices powered by Cboe providing real-time SPX XSP and VIX index values that allow customers to track option market changes.We are excited to collaborate with Cboe to educate our customers on the usability and benefits of index options said Anthony Denier Chief Executive Officer of Webull Financial LLC. Through this partnership our customers can now trade Cboes proprietary index options products for the first time. Additionally Webull customers will be among the first traders to be able to access Cboes new Nanos product as we are focused on empowering the individual trader with new opportunities and lower costs.Index options are European-style cannot be exercised before expiration and cash-settled no delivery or assignment of underlying shares so trader accounts are crediteddebited in cash. Index options can also help investors diversify a portfolio and gain broad market exposure and typically offer lower volatility than options on single stocks.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 risks1. To complement the offering of Cboes index options products Cboe and Webull plan to work together to provide educational resources and tools to help retail investors better understand the characteristics of this product type and build the knowledge they need to trade with confidence.In addition Webull earlier this year began providing connectivity to Cboes U.S. equities markets. Significantly through the early trading session offered on Cboes EDGX Equities Exchange Webulls customers are able to access even more of the U.S. equities market around the clock starting as early as 400 a.m. ET Monday through Friday. 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.
