Form 8-K · Current report
Cboe Global Markets 8-K, filed Sep 29, 2026
- Filed
- CIK
- 0001374310
- Accession no.
- 0001104659-26-111989
Summary
Cboe Exchange, Inc., a subsidiary of Cboe Global Markets (CBOE), entered into a Master License Agreement and related orders with S&P Opco, LLC and affiliates on September 28, 2026, extending and replacing its longstanding license arrangement with S&P Dow Jones Indices and running through December 31, 2051. The agreement continues Cboe's exclusive rights to use the S&P 500 index and certain S&P marks for creating, listing, trading, clearing and settling standardized option contracts in the US, along with cross-licenses covering Volatility, BuyWrite and Variance indices, with updated per-contract royalty fees taking effect January 1, 2027; Cboe said the 2027 royalty terms would have a de minimis impact on its 2027 net revenue growth and that it will give specific 2027 organic total net revenue guidance in February with its fourth quarter earnings.
Key points
- The agreement is effective from September 28, 2026 until December 31, 2051, superseding the Restated License Agreement dated November 1, 1994 between Cboe and S&P Dow Jones Indices LLC.
- Updated license fees calculated on a per-contract basis take effect January 1, 2027, with no impact on 2026 royalty fee terms.
- Cboe receives exclusive rights to use the S&P 500 index and certain S&P marks to create, issue, list, trade, clear and settle standardized option contracts on its US markets, and to market and promote them.
- Cboe and S&P granted each other cross-licenses and other IP rights to derive, maintain, publish, calculate and disseminate certain Volatility Indices, BuyWrite Indices and Variance Indicators.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On September 28, 2026 (the “Effective Date”), Cboe Exchange, Inc. (“Cboe”), a subsidiary of Cboe Global Markets, Inc. (the “Company”), entered into a Master License Agreement (the “MLA”) and a certain Order No. 1-1 (“Order 1”) and Order No. 2-1 entered into thereunder (“Order 2” and, together with the MLA and Order 1, the “Agreement”) with S&P Opco, LLC and certain of its affiliates (collectively, “S&P”), pursuant to which the parties have agreed to extend, supersede, continue, expand and replace certain rights, licenses and obligations of each party presently provided for pursuant to the Restated License Agreement, dated November 1…
An excerpt of the text as filed with the SEC, cut for length.
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