New Options on Corporate Bond Index Futures
CFE is introducing more choices to manage corporate bond exposure with Options on Cboe® iBoxx® iShares® Bond Index Futures launching this summer*.
To learn more view the contract specifications and
*Subject to regulatory review
Download Free Corporate Bond Index Futures Historical Data
Instantly access valuable historical corporate bond index futures market data to backtest trading strategies.
CFE data is compiled for the convenience of site visitors and is furnished without responsibility for accuracy and is accepted by the site visitor on the condition that transmission or omissions shall not be made the basis for any claim demand or cause for action. Your use of Cboe data is subject to the Terms and Conditions for use of Cboe Websites.
Quote Vendor Symbols
Historical Performance for IBXXIBHY and IBXXIBIG Indices
Why Trade Cboe Corporate Bond Index Futures?
Gain Broad Exposure to the $8.8 Trillion U.S. Corporate Bond Market
Cboe Corporate Bond Index futures will allow market participants worldwide to gain broad exposure to the $8.8 trillion U.S. corporate bond market through Exchange-traded, centrally cleared instruments.
Hedge Corporate Bond Credit Risk
Asset managers will be able to use Cboe Corporate Bond Index futures to help mitigate credit risk in their corporate bond portfolios.
Allocate to the Corporate Bond Market Quickly and Efficiently
Cboe Corporate Bond Index futures can provide efficient exposure to the corporate bond market for asset managers who need to allocate assets quickly due to market events or changing outlooks.
Implement Fixed Income Trading Strategies
Whether the strategy is trend following or relative value, Cboe Corporate Bond Index futures offer a convenient, standardized vehicle for fixed income trading.
Underlying Index Statistics and Methodology
IHS Markit offers an interactive webpage where market participants can access data on the indices underlying to the Cboe® iBoxx® iShares® $ Corporate Bond Index Futures. Users can download the identifiers, one year of daily index levels, yields, spreads, durations and other index level statistics as well as the latest six months of index constituents. The website also offers charting that compare the different iBoxx indices for selected attributes.
- Corporate Bond Index Futures Contract Specifications
- Fact Sheet
- Block/ECRP Trades
- Website Release/Consent Form
Trading of the Cboe® iBoxx® iShares® Corporate Bond Index Futures is also available on the Cboe Silexx execution management system. To learn more about Cboe Silexx, sign-up for the platform, or to take a free trial, visit:Cboe Silexx
Advantages of Index Futures
Investors can use a number of tools - such as ETFs, options, or index futures - to gain exposure to or hedge against specific securities or asset classes. Index futures allow investors to buy or sell a given index at a specified price and on a specified date in the future. Index futures can offer a number of advantages:
Larger Notional Exposure
With a $1,000 multiplier, Cboe Corporate Bond Index futures can offer investors an efficient way to gain exposure to the high-yield corporate bond market.
Lower Margin Requirements
Futures typically have significantly lower margin requirements than buying a security on margin, which allows investors to gain exposure with a smaller upfront investment.
Cash settlement allows for simple exposure to the high yield fixed income asset class without the operational burdens of owning a broad portfolio of corporate bonds.
Potential Tax Advantages
Typically, futures are taxed using the 60/40 rule under section 1256 of the Tax Code where 40% of gains is taxed at the short-term rate and 60% at the long-term rate. Investors should consult with their tax advisors to determine how the profit and loss on any strategy will be taxed.
Trade Long or Short
Because futures markets do not discriminate directionally, a trader can enter the market on the short side just as easily as the long side. Margin requirements are the same no matter what the trader’s directional bias might be.