Wall Street giants extend S&P 500 options deal through 2051

Cboe just secured a 25-year monopoly on S&P 500 options, locking out all competition until 2051. While they tease "tokenized options" to sound innovative, this deal ensures one exchange controls the world’s most vital hedging tools for a generation. With trading volumes hitting record highs, we have to ask: does a quarter-century exclusive license actually protect investors, or does it just kill the free market? Is this level of consolidation dangerous for Wall Street?
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