Moomoo Announces Collaboration with Cboe to Offer Index Options, Hosts Event with VIPs on Nov.16

PALO ALTO, Calif., Nov. 6, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo, today announced it is collaborating with the CBOE Global Markets (CBOE) to offer index options products to moomoo customers in the U.S. The initiative represents a significant milestone in moomoo's mission to expand the options market's accessibility for both current and potential customers, and underscores each of moomoo's and Cboe's unwavering commitment to further broadening access to U.S. markets for market participants around the globe.

In November 2023, moomoo began offering trading in six index options products tied to some the world's most widely followed financial benchmarks – including Dow Jones Industrial Average (DJX), Nasdaq-100 Index (NDX), Russell 2000 Index (RUT), S&P 500 Index (SPX), and Cboe Volatility VIX Index (VIX) options, as well as mini SPX options (XSP). Among these index options, SPX, XSP, VIX, and RUT options are exclusively listed on Cboe Options Exchange.

From now to February 2024, moomoo is also waiving exchange proprietary fees for index options trading on its platform to make our index options trading more inclusive to active moomoo customers. When customers trade on moomoo's platform with in-depth, real-time index options data at no cost, users will have more potential opportunities to benefit from the investment.

"Interest in options trading generally is at an all-time high and index options have been a part of that growth. Indices such as the S&P 500 and the Nasdaq 100 are known around the world and while you can't invest directly in an index you can trade options directly on one," said Justin Zacks, Vice President of Strategy, Moomoo Technologies Inc. "At its core, the offering of Cboe's index products is paramount to the success of our mission. These products are widely regarded for their reliability, diversity, and liquidity, making them instrumental in empowering investors to diversify their portfolios and manage risk effectively."

"Cboe is deeply committed to empowering the growing retail trader community with education, product innovation, and expanded access to the options markets," said Catherine Clay, Global Head of Derivatives at Cboe Global Markets. "Over the years, index options have stood the test of time, serving as valuable tools for hedging, asset allocation, and income generation through many types of market environments. We couldn't be more excited to collaborate with moomoo to bring the potential benefits of index options to an even greater base of retail customers."

To commemorate its collaboration with Cboe, moomoo is inviting clients and other interested parties to join an event hosted at Cboe's Chicago trading floor on the afternoon of Nov. 16 with VIPs and the management teams from both companies to ring the closing bell. Moomoo will also host an educational session to explain all the newly launched products, features, and new fee structures afterward.

About moomoo

Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. It provides users with the necessary information and technology to make more informed investment decisions. Investors have access to advanced charting tools, technical analytics, and in-depth data. Moomoo grows with its users, cultivating a community where investors share, learn, and grow together in one place. Moomoo provides free access to investment courses, educational materials, and interactive events that any investor, at any level, can gain from. Users can join forum discussions, trending topics, and seminars to better their investment knowledge and insights.

The moomoo app is offered by Moomoo Technologies Inc. ("MTI") a company that is based in Palo Alto, California. The app is used globally in countries including the U.S., Singapore, Australia, Japan, Malaysia and Canada. MTI is not a broker-dealer and does not provide investment advice or recommendations. In the U.S., securities products and services are offered by Moomoo Financial Inc. ("MFI"), an SEC-registered broker-dealer and member FINRA/SIPC. MTI and MFI are indirect, wholly-owned subsidiaries of Futu Holdings Limited (Nasdaq: FUTU). FUTU has won multiple awards internationally, such as Fortune's 100 Fastest Growing Companies in 2022. Moomoo is not just your investment platform. It is your investment journey.

For more information, please visit moomoo's official website at www.moomoo.com or feel free to email: pr@us.moomoo.com.

Options trading subject to eligibility requirements. Strategies available will depend on options level approved.

The index options exchange proprietary fee waiver period is a limited-time offer that ends on February 29, 2024. The end date is subject to change. Other fees apply. For more info on our pricing, visit moomoo.com/us/pricing.

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options (https://j.us.moomoo.com/00xBBz) before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.

Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.

SOURCE moomoo