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Cboe Global Markets has announced plans to extend trading hours for its Russell 2000 Index options suite to nearly 24 hours a day, five days a week starting in February 2026, and to introduce futures and options on its new Magnificent 10 Index in December 2025, pending regulatory approval.
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These moves highlight Cboe’s push to broaden access to U.S. small-cap exposure and thematic equity trading for investors across global time zones.
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Next, we’ll consider how near-24-hour Russell 2000 options trading could influence Cboe’s existing investment narrative around derivatives-led growth.
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To own Cboe Global Markets, you generally need to believe that exchange-traded derivatives, data and index products can keep deepening their role in global investing, even as competition and technology reshape how markets function. The move to near-24-hour Russell 2000 options trading fits the existing derivatives-led growth story, but does not materially change the near term focus on sustaining volume growth while managing rising technology and expansion costs as a key execution risk.
The planned launch of futures and options on the Cboe Magnificent 10 Index in December 2025 looks especially relevant here, because it extends Cboe’s index derivatives reach beyond its long-established S&P franchise. For investors watching catalysts, this kind of product expansion may help diversify the business mix across more indices and client use cases, while still leaving Cboe exposed to the concentration risk embedded in its core S&P index options partnership.
But while these developments may look positive, investors should still keep a close eye on the risk that…
Read the full narrative on Cboe Global Markets (it’s free!)
Cboe Global Markets’ narrative projects $2.6 billion revenue and $1.1 billion earnings by 2028. This implies a 16.9% yearly revenue decline and an earnings increase of about $200 million from $896.3 million today.
Uncover how Cboe Global Markets’ forecasts yield a $255.62 fair value, in line with its current price.
Eight members of the Simply Wall St Community currently place Cboe’s fair value anywhere between US$41.96 and US$255.62, highlighting sharply different expectations. As you weigh those views, it is worth considering how much Cboe’s dependence on its S&P index options partnership could shape the company’s future resilience and performance.