Effective as of the March 18, 2024 trade date and subject to regulatory review, the Cboe Options Exchange (C1) will begin listing MSCI ACWI, MSCI USA and MSCI World Index options with a standard contract deliverable multiplier of 100.
Options on the MSCI USA and MSCI World indices will be based on 1/100 of the value of the underlying indices.
As of the Effective Date, the MSCI ACWI, MSCI USA and MSCI World Index options will be listed in C1 located exclusively in Unit Mapping 31 using the following root symbols:
- MSCI ACWI [Symbol: MXACW]
- MSCI USA [Symbol: MXUSA]
- MSCI World [Symbol: MXWLD]
All three products will be configured as follows:
- The on-site location for open outcry negotiation will be Post 7, Station 1.
- There will be no Designated Primary Marketer (DPM) or Lead Marketer (LMM) on site.
- Electronic LMMs will be determined at a later date.
- The click increase for orders, offers and single leg trades (excluding AIM) will be $0.05 below $3 and $0.10 above $3. The tick increment for AIM will be $0.01.
- The surcharge for complex orders and transactions will be $0.01.
MXACW, MXUSA and MXWLD options will be cash settled PM contracts with European style exercise. Generally, MXACW, MXUSA and MXWLD rights can only be exercised on the expiration date.
MXACW, MXUSA and MXWLD options will expire on the third Friday of the expiration month. If the exchange is not open that Friday, they will expire on the immediately preceding business day.