Common Stock, par value of $0.01 per share
- Symbol
- CBOE
- Exchange
- CboeBZX
- Classification
- COMMON
- Status
- Current
Current Report · Items 1.01, 7.01, 9.01 · 8-K
Cboe Global Markets, Inc.
CBOECBOE_BZXEQUITYCurrent
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 28, 2026 (the “Effective Date”), Cboe Exchange, Inc. (“Cboe”), a subsidiary of Cboe Global Markets, Inc. (the “Company”), entered into a Master License Agreement (the “MLA”) and a certain Order No. 1-1 (“Order 1”) and Order No.…
Company context
Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world’s first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.
Current securities
Registered securities in this filing
Cboe Global Markets, Inc. · 8-K · Filed 2026-09-29
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 28, 2026 (the
“Effective Date”), Cboe Exchange, Inc. (“Cboe”), a subsidiary of Cboe Global Markets, Inc. (the “Company”),
entered into a Master License Agreement (the “MLA”) and a certain Order No. 1-1 (“Order 1”) and Order No. 2-1
entered into thereunder (“Order 2” and, together with the MLA and Order 1, the “Agreement”) with S&P Opco,
LLC and certain of its affiliates (collectively, “S&P”), pursuant to which the parties have agreed to extend, supersede,
continue, expand and replace certain rights, licenses and obligations of each party presently provided for pursuant to the Restated License
Agreement, dated November 1, 1994, between Cboe and S&P Dow Jones Indices LLC (as amended). The Agreement shall be effective from
the Effective Date until December 31, 2051.
In consideration for certain
updated license fees (which shall take effect from January 1, 2027) to be calculated on a per-contract basis, the Agreement provides for
the extension of the grant of (a) certain rights and licenses from S&P to Cboe and its affiliates to exclusively use the S&P 500
index and certain S&P marks set forth in Order 1 to (i) create, issue, list, trade, clear and settle standardized option contracts
on Cboe’s markets in the United States and (ii) market and promote such standardized option contracts, and (b) certain cross-licenses
and other rights from each party to the other party in and to certain intellectual property to derive, maintain, publish, calculate and
disseminate certain Volatility Indices, BuyWrite Indices and Variance Indicators set forth in Order 2, including, in the case of Cboe,
in connection with the creation, issuing, listing, trading, clearing and settling of standardized option contracts and other financial
products.
The foregoing description
does not purport to be complete and is qualified in its entirety by reference to the MLA, Order 1 and Order 2, which are filed with this
Current Report on Form 8-K as Exhibits 10.1, 10.2 and 10.3, respectively, and are incorporated herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. REGULATION FD
DISCLOSURE.
On September 29, 2026, the
Company and S&P Dow Jones Indices LLC issued a joint press release, and the Company individually issued a press release, in connection
with the entry into of the Agreement described in Item 1.01 of this Current Report on Form 8-K. Copies of the press releases are attached
as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.
The information contained
in this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
and are not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Filed exhibits (2)
Exhibit 99.1 MEDIA RELEASE Cboe Provides Additional Details Relating to Anticipated Financial Impacts of S&P DJI Licensing Agreement Extension CHICAGO - September 29, 2026 - Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, announced earlier today it has signed a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices (“S&P DJI”), continuing their longstanding collaboration through 2051. See the press release here. In connection with this announcement, Cboe is providing additional details regarding the anticipated financial impacts of the agreement. Under the extended agreement, there will be no impact on the 2026 royalty fee terms; the updated royalty fee terms will begin in 2027. Cboe estimates the 2027 royalty fee terms will have a de minimis impact on Cboe's 2027 net revenue growth when considered against organic and ecosystem-driven volume growth, pricing optimization opportunities, and continued business execution. Cboe believes the extended contract, as structured, positions Cboe for growth, with future royalty fee adjustments smaller than the 2027 reset. Cboe will provide mo…
Open exhibit ↗Exhibit 99.2 MEDIA RELEASE Cboe and S&P Dow Jones Indices Sign 25-Year Extension of Exclusive Licensing Agreement, Through 2051 Agreement extends Cboe's exclusive licensing rights for S&P 500 Index options through 2051 and creates new opportunities for innovation across next-generation markets and technologies CHICAGO and NEW YORK - September 29, 2026 - Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, and S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, today announced a 25-year extension of their exclusive licensing agreement that will continue their longstanding collaboration through 2051. Under the extended agreement, Cboe will continue to have the exclusive rights to offer trading in its flagship S&P 500® Index (SPX) options. Cboe and S&P DJI may also collaborate to pursue innovation beyond traditional index derivatives, including new products like tokenized options contracts. The agreement builds on more than 40 years of collaboration between Cboe and S&P DJI that began in 1983 with the launch of SPX options - a breakthrough innovation that has since become the global standard for…
Open exhibit ↗