Cboe Plans to Launch Derivatives on New Magnificent 10 Tech Index

Cboe Global Markets is expanding its derivatives suite with futures and options tied to a new equal-weighted index tracking 10 high-profile tech stocks. The Cboe Magnificent 10 Index (MGTEN) includes the original 'Magnificent 7'—Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia, and Tesla—plus AMD, Broadcom, and Palantir.

The nearly round-the-clock trading availability (24×5) of these cash-settled products caters to growing retail demand for flexible tech exposure. This follows Cboe's strategic push into thematic benchmarks that capture concentrated sector movements without single-stock risk.

Notably absent are direct cryptocurrency connections, though the inclusion of AI-focused constituents like Nvidia and Palantir reflects overlapping institutional interest between cutting-edge tech and blockchain infrastructure plays.