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Cboe Global Markets Announces 2023/2024 Options Institute Academic Research Grant Program with Sponsors S&P Dow Jones Indices and SpiderRock Advisors

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Cboe Global Markets announces S&P Dow Jones Indices and SpiderRock Advisors as sponsors of The Options Institute Research Grant Program for 2023/2024
Positive
  • S&P Dow Jones Indices sponsors research on price efficiency and liquidity in the fixed income index ecosystem
  • SpiderRock Advisors sponsors research on the impact of derivatives solutions for private wealth management and institutional investors
  • Grant recipients will receive access to Cboe historical data sets valued up to $35,000
  • The call for proposals will open in December 2023
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  • None.
  • S&P Dow Jones Indices to sponsor fundamental research that explores price efficiency and liquidity in the fixed income index ecosystem
  • SpiderRock Advisors to sponsor fundamental research focused on the impact of derivatives solutions for private wealth management and institutional investors

CHICAGO and AUSTIN, Texas, Oct. 19, 2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced S&P Dow Jones Indices (S&P DJI) and SpiderRock Advisors as grant sponsors of The Options Institute Research Grant Program for 2023/2024. The announcement was made at Cboe's global Risk Management Conference (RMC), currently taking place in Austin, Texas.

The Options Institute Research Grant Program helps support academic research focused on advancing the understanding and adoption of derivatives products and strategies. Grant recipients will receive access to Cboe historical data sets to bolster their research efforts in one or more of the following research areas:

  • Derivatives Products and Markets Performance
  • Exchange and Marketplace Structures
  • Operations and Risk Management
  • Decision Theory

Of particular interest this year are topics that explore specific geographic and client segment opportunities and market behaviors. Examples include:

  • Fixed Income Index Ecosystem: Price Efficiency and Liquidity Considerations
  • Private Wealth and Institutional Investors: The Impact of Derivatives Solutions on Performance Returns
  • European Retail: Considerations for Exchange-Traded Derivatives (ETDs) and Structured Products Allocation Decisions
  • Market Structure: Factors Impacting European ETD Market Growth

Cboe's education arm, The Options Institute, has been providing best-in-class investor education on the responsible use of options and trading strategies for more than 35 years. The Options Institute Research Grant Program, which welcomed its first class of research grant recipients earlier this year, embodies Cboe's mission to operate an inclusive global marketplace that helps all market participants better understand financial products, market data and trading strategies.

"As markets continue to evolve, education remains a cornerstone to growth and advancement in the global derivatives market," said Gina DeRaimo, Head of The Options Institute at Cboe. "Cboe has long acknowledged the important role academic research has in furthering the development of innovative products and strategies, and we are excited to work with S&P DJI and SpiderRock Advisors for this year's grant program."

The Options Institute S&P Dow Jones Indices Fixed Income Research Grant
S&P DJI is sponsoring a named research grant focused on price efficiency and liquidity in the fixed income index ecosystem. The award recipient may claim Cboe data sets valued up to $35,000, subject to applicable terms and regulatory approvals. The call for proposals will open December 2023.

 "S&P Dow Jones Indices is pleased to once again collaborate with The Options Institute at Cboe to help support academic research that deepens market participants' knowledge and understanding of the fixed income marketplace. Fixed income indices serve a crucial role in promoting transparency in fixed income markets. As bond markets evolve and the methods of accessing them create new opportunities for investors, we believe indices will continue to provide trusted and reliable performance metrics and support product creation across different market segments," said Frans Scheepers, Head of Fixed Income, Currency and Commodity Products at S&P Dow Jones Indices.

The S&P DJI fixed income research grant follows this year's Options Institute S&P DJI Dispersion Research Grant, which is focused on exploring dispersion as an asset class. This research is expected to complement the recent launch of the Cboe S&P 500 Dispersion Index, a new index designed to measure expected dispersion in the S&P 500 jointly created by Cboe Labs, the company's innovation arm, and S&P DJI.

The Options Institute SpiderRock Advisors Derivatives Solutions Research Grant
SpiderRock Advisors is sponsoring a named research grant focused on derivatives solutions within private wealth management and institutional investors. The award recipient may claim Cboe data sets valued up to $35,000, subject to applicable terms and regulatory approvals. The call for proposals will open December 2023.

Research for The Options Institute SpiderRock Advisors Research Grant should focus on one of the following topics:

  • Incorporating listed options solutions as a "core allocation" in order to expand the pre- and post- tax efficient frontier
  • The after-tax efficiency of listed derivatives
  • Volatility management as a behavioral finance alpha source for private wealth management
  • Capitalizing on volatility risk premia evident in various equity indices and single securities through market cycles

"SpiderRock Advisors' collaboration with Cboe and The Options Institute is to continue to expand on our educational content in order that we deliver the highest value add to our clients. Investing in our research is paramount to our future thought leadership and roadmap," said Eric Metz, President & Chief Investment Officer at SpiderRock Advisors.

The application period for The Options Institute Research Grant Program will run from December 2023 through January 2024. Interested candidates may find additional information on The Options Institute's website.

Hosted by Cboe and The Options Institute, the Cboe Risk Management Conference (RMC) is an educational forum dedicated to exploring the latest products, trading strategies and tactics used to manage risk exposure and enhance yields. This year, global leaders in the derivatives, ETF and digital asset markets are in Austin, Texas sharing their latest insights, research and real-market applications. Learn more about this year's RMC at the conference website, and follow along with #RMC23 on social media.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

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Cboe® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. S&P®, iBoxx®, iTraxx® and CDX® are trademarks of S&P Dow Jones Indices LLC or its affiliates.  Dow Jones® is a trademark of Dow Jones Trademark Holdings LLC.  Options and other financial instruments based on S&P DJI's indices are not sponsored, endorsed, marketed or promoted by S&P DJI, Dow Jones or their affiliates and neither S&P DJI or such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the indices.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P DJI and SpiderRock Advisors. Investors should undertake their own due diligence regarding their securities, futures and investment practices. This press release speaks only as of this date. Cboe disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction.  Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates, to the maximum extent permitted by applicable law, make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the S&P DJI indexes to track the performance of the general market or any segment thereof, and shall not in any way be liable for any inaccuracies or errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the S&P DJI indexes and shall not in any way be liable for any inaccuracies or errors.

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SOURCE Cboe Global Markets, Inc.

FAQ

What is the purpose of The Options Institute Research Grant Program?

The program supports academic research focused on advancing the understanding and adoption of derivatives products and strategies.

Who are the sponsors of The Options Institute Research Grant Program for 2023/2024?

The sponsors are S&P Dow Jones Indices and SpiderRock Advisors.

What research areas are of interest this year?

The research areas of interest include derivatives products and markets performance, exchange and marketplace structures, operations and risk management, and decision theory.

What specific topics are of interest this year?

The specific topics of interest include price efficiency and liquidity in the fixed income index ecosystem, the impact of derivatives solutions on performance returns for private wealth and institutional investors, considerations for exchange-traded derivatives (ETDs) and structured products allocation decisions in the European retail market, and factors impacting European ETD market growth.

What are the benefits for grant recipients?

Grant recipients will receive access to Cboe historical data sets valued up to $35,000.

When will the call for proposals open?

The call for proposals will open in December 2023.

Cboe Global Markets, Inc.

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