CBOE.com

• On Tuesday, October 4, SPXpm - an electronic, cash-settled index option based on the S&P 500 with "p.m." settlement - becomes reality on the C2 Options Exchange.
• In the video below, Edward Tilly, CBOE Holdings Executive Vice Chairman, discusses the highly-anticipated launch of SPXpm; how SPXpm was designed as a "best-in-class" electronically-traded S&P 500 product; and how SPXpm could broaden CBOE Holdings' customer base.
• Key Features of SPXpm:
  1. Fully electronic market model, point-and-click access
  2. Large contract size - same as S&P 500 Index (SPX) options and 10x larger than SPY options
  3. PM settlement
     • Aligns with single-stock options, ETF options and many SPX "lookalike" options traded OTC
     • No overnight market exposure at settlement
  4. Cash settlement, European-style exercise
     • No risk of early assignment
     • Like SPX and other index options; unlike SPY and other ETF options

Gail Osten
Director, Corporate Communications 312.786.7123
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Gary Compton
Director, Corporate Communications
312.786.7612
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