Cboe Global Markets (CBOE) announced plans to launch options on the S&P 500 Equal Weight Index on April 14, pending regulatory review. The new initiative was announced at the 50th International Futures Industry Conference in Boca Raton, Florida. S&P 500 EWI options will be cash-settled and based on 1/10th the value of the S&P 500 EWI, the equal-weight version of the S&P 500 Index. The S&P 500 EWI includes the same constituents as the capitalization-weighted S&P 500 Index, but each constituent of the S&P 500 EWI is allocated a fixed weight of 0.2% of the index total at each quarterly rebalance.
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