Some of the world’s biggest exchanges have set their sights on creating new derivatives tied to the fast-growing $16-trillion universe of privately held assets.
Options powerhouse Cboe Global Markets Inc. and CME Group Inc., the largest US derivatives exchange, are both considering how they can launch futures and options based on private companies and the investment firms that own them. Intercontinental Exchange Inc., which also owns the New York Stock Exchange, said it will look at similar products once it sees more demand from customers.
The derivatives markets have long played a central role in giving investors ...
