Cboe and S&P DJI Extended Index Licensing Deal

The companies have agreed to a 25-year extension of their licensing partnership through 2051.

Updated on Sept. 29, 2026 in Stock Markets

Isometric editorial illustration of a stack of interlocking industrial geometric blocks, representing stable financial systems. — Cboe Global Markets and S&P Dow Jones Indices have extended their exclusive licensing agreement for S&P 500 Index options through 2051. AI Illustration. Upload story photo >

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Cboe Global Markets and S&P Dow Jones Indices have extended their long-standing licensing agreement for another 25 years. This deal secures Cboe's exclusive rights to offer S&P 500 Index options through 2051.

Why it matters

The extension solidifies the long-term future of the world's most liquid index options market. It also signals a move toward future financial innovations as both firms begin exploring the potential for tokenized options contracts.

The SPX options suite saw over 970 million contracts traded in 2025. This volume represents a 25% year-over-year increase, with daily averages reaching 3.9 million contracts.

The players

Cboe Global Markets

This company is a leading provider of market infrastructure and tradable products including options, futures, and equities.

S&P Dow Jones Indices

This entity is a major global resource for index-based concepts, data, and research.

The details

The companies will leverage the extended partnership to explore the integration of tokenized options into the market. This builds upon a professional relationship that was originally established by the two organizations in 1983.

The partnership between the two companies was first formed in 1983.
In 2025, the SPX options suite recorded over 970 million total contracts traded.
The extension agreement was officially announced on September 29, 2026.
The new licensing agreement is set to conclude in 2051.

Market Dynamics

This agreement reinforces the industry dominance of traditional index-linked products while adapting to future digital asset requirements. By extending their partnership, the companies stabilize the core of the U.S. options market amidst broader shifts in global trading infrastructures.

Retail and institutional investors can expect continued liquidity and stability for S&P 500 Index options over the next 25 years. The exploration of tokenized contracts suggests that traders may eventually gain access to new, blockchain-based execution methods for these instruments.

The takeaway

The move ensures that one of the most vital engines of modern finance will remain consistent for decades to come. Investors should monitor how the development of tokenized contracts evolves, as this may eventually offer new ways to manage risk and portfolio exposure.