The contracts will be cash-settled and cleared by The Options Clearing Corporation.

Cboe Global Markets (Cboe) is planning to launch futures and options benchmarked on the Cboe Magnificent 10 Index. These products are designed to provide exposure and flexibility - Rob Hocking, Cboe The Cboe Magnificent 10 Index is designed to measure the price return of 10 US-listed large-cap technology and growth-oriented companies’ stocks. It was floated on 14 October under the ticker MGTN. Additionally, the MGTN index is equal-weighted and includes a fixed set of constituents