International derivatives and securities exchange network Cboe Global Markets, Inc. today announced plans to launch futures and options on the new Cboe Magnificent 10 Index on December 8, 2025, subject to regulatory review.

The Cboe Magnificent 10 Index, which launched on October 14, 2025, under the ticker MGTN, is designed to measure the price return of 10 U.S.-listed large-cap stocks of technology and growth-oriented companies. The index is equal-weighted and includes a fixed set of constituents, subject to change only following specific corporate actions. Current and back-tested values of the MGTN Index are available on the Cboe Global Indices Feed via the Cboe Global Indices Channel.

With MGTN futures and options, investors will be able to trade and seek to manage risk related to some of the most actively watched U.S. stocks through a single tradable product without having to manage multiple positions across individual stocks. Both MGTN futures and options will be cash-settled, eliminating the operational complexity of physical delivery and assignment risk associated with ETF or single-stock options.

“Investors globally are looking for new ways to access and trade the most innovative U.S. companies. The upcoming launch of Cboe Magnificent 10 Index futures and options will deliver that opportunity,” said Rob Hocking, Global Head of Derivatives at Cboe. “These products are designed to provide exposure and flexibility—whether for tactical positioning, hedging ahead of earnings, or managing market-moving news in tech and growth sectors. This launch reinforces Cboe’s commitment to identifying trends and introducing innovative, tradable solutions that meet the needs of both retail and institutional investors.”

MGTN options will be listed on Cboe Options Exchange (C1). C1 will initially list two settlement types: AM-settled contracts (options ticker: MGTN) that settle on the third Friday of the expiration month, and PM-settled contracts (options ticker: MGTNW) that settle on the last business day of the expiration month. MGTN options will have a multiplier of $100, meaning when the MGTN Index was at 460 on October 31, one contract would have represented approximately $46,000 in notional value.

MGTN futures will trade on Cboe Futures Exchange, LLC (CFE) and will have a.m. settlement on the third Friday of the expiration month.

To help meet the demand from international investors for U.S. market access, MGTN futures will be available to trade nearly 24 hours a day, five days a week at launch, with Cboe planning to offer Global Trading Hours for MGTN options in early 2026, subject to regulatory approval. MGTN futures and options will be cleared by The Options Clearing Corporation (OCC).