Robinhood expands trading options through a new partnership with Cboe, offering users access to popular index options for enhanced investing.
Robinhood expands trading options through a new partnership with Cboe, offering users access to popular index options for enhanced investing.
Cboe Global Markets has announced an exciting partnership with Robinhood Markets Inc., which will enhance the trading experience for its users by introducing Cboe’s index options on its platform. This development will allow Robinhood customers to trade a range of index options, including the S&P 500 Index (SPX), Cboe Volatility Index (VIX), Russell 2000 Index (RUT), and Mini SPX (XSP) options.
The addition of Cboe’s proprietary suite of index options provides Robinhood users with new opportunities to gain exposure to the U.S. equity markets. These options not only help investors hedge against market volatility but also allow them to generate income and potentially capitalize on market movements. Notably, index options settle in cash, simplifying the trading process, and they follow a European-style exercise, eliminating the risk of early assignment.
Dave Howson, Global President at Cboe Global Markets, emphasized the transformative impact of retail investors in today’s financial landscape. “As retail traders become more sophisticated, they seek innovative tools to elevate their trading strategies,” he said. “Cboe’s index options, popular among institutional investors, are now accessible to a broader audience, empowering retail traders with essential risk management and wealth-building tools.
”Robinhood’s Chief Brokerage Officer, Steve Quirk, reiterated the platform’s commitment to innovation. He noted that the demand for access to advanced assets like index options has grown among users who seek to diversify their portfolios and better manage risks. “This addition aligns perfectly with our mission to empower retail investors,” Quirk stated.
Furthermore, practical risk management tools are increasingly critical as financial markets evolve. Catherine Clay, Global Head of Derivatives at Cboe, highlighted the vibrancy of the U.S. options market, which attracts both retail and institutional participants. She expressed confidence that introducing Cboe’s index options will further enrich trading strategies for investors navigating their financial futures. Lastly, with this collaboration, Robinhood aims to meet the growing demands of its user base while enhancing its suite of trading tools, ensuring that retail investors are well-equipped for the dynamic market landscape.
Also, Stay Updated With The Latest Broker News.
Established in 2016, Blueberry Markets is an Australia-based broker that specializes in forex and CFD trading while being overseen by regulatory bodies ASIC. The broker provides traders globally with MetaTrader 4 and MetaTrader 5 trading platform options.
XM is a global online broker that specializes in Forex and CFD trading. Headquartered in Cyprus, the company operates under the regulation of CySEC. It offers traders the opportunity to trade various financial instruments, including forex pairs, commodities, indices, and stocks.
eToro is a regulated online brokerage that offers trading of a wide range of trading instruments, including over 3,000 tradeable symbols, including CFDs, forex pairs, and exchange-traded securities, which can be traded through their eToro Investment Platform.
Please drop your email below to get daily updates about what we do
FX Broker Tester is your guide to uncovering dependable Broker partners perfectly aligned with your needs in the financial markets. Identify the ideal match by exploring the meticulous evaluation conducted by our team of seasoned analysts. Via our platform, you gain entry to comprehensive broker reviews, rankings, detailed comparisons, the latest broker news, and a calendar of worldwide Forex events.
