Catherine Clay on index options
From Cathy Clay and Oliver Renick at HOOD Summit 2025 · · Cboe Global Markets
“The index options of course are going to bring the cash settlement, the European exercise and potential favorable tax treatment to this universe, and then of course we're also going to be listing the cash-settled future on SIBO futures exchange.”
On , Catherine Clay, Executive Vice President & Head of Global Derivatives at Cboe Global Markets, spoke about index options during Cathy Clay and Oliver Renick at HOOD Summit 2025 on Cboe Global Markets.
About Catherine Clay
Catherine Clay, Executive Vice President and Global Head of Derivatives at Cboe Global Markets, has been involved in several product launches and strategic initiatives in 2024 and 2025. At the HOOD Summit in September 2025, she announced the introduction of continuous digital futures for Bitcoin and Ether, which she described as regulated futures with a 10-year expiry designed to provide a long-term investing vehicle for traders. She also announced the Cboe Magnificent 10 Index (ticker MG10), which she said was created to expand beyond the MAG 7 to include additional technology stocks with an AI component, with plans to list index options and cash-settled futures on the product. Clay stated that both instruments would clear into the Options Clearing Corporation, creating what she called a "nice ecosystem" for hedging and outright exposure. In earlier appearances, Clay discussed the reorganization of Cboe's global derivatives business, which she described as the unification of its U.S. options and futures exchange with its European derivatives exchange, along with the inclusion of the product innovation team Cboe Labs and the educational arm the Options Institute. She noted that Cboe's trading floor remains "quite robust" and that the company is committed to investing in it, citing the value of price discovery for complex trades. Clay also spoke about the company's data and analytics business, stating that Cboe has the "broadest level and depth of data to offer" and that it is expanding its analytics capabilities globally. She expressed optimism about growth in Japan and said Cboe is watching developments in India's derivatives markets, while noting that most flow from the rest of the world is imported back into Cboe's U.S. index options complex.