Effective for trade date March 18, 2024, and subject to regulatory review, Cboe Options Exchange (C1) will begin listing MSCI ACWI, MSCI USA, and MSCI World Index options having a standard contract deliverable multiplier of 100.
Options on the MSCI USA and MSCI World Indexes will be based on 1/100th of the value of the underlying indexes.
Upon the effective date, MSCI ACWI, MSCI USA, and MSCI World Index options will be listed on C1 residing exclusively on Matching Unit 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-floor location for open outcry trading will be Post 7, Station 1.
- There will be no on-floor Designated Primary Market Maker (DPM) or Lead Market Maker (LMM).
- Electronic LMMs will be determined at a later date.
- The tick increment for single-leg orders, quotes, and trades (other than AIM) will be $0.05 under $3 and $0.10 above $3. The tick increment for AIM will be $0.01.
- The tick increment for complex orders and trades will be $0.01.
MXACW, MXUSA, and MXWLD options will be PM cash settled contracts with European-style exercise. Generally, MXACW, MXUSA, and MXWLD options may be exercised only 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 on that Friday, they will expire on the immediately preceding business day.
