The Chicago Board Options Exchange has signed a licensing agreement with the London Stock Exchange, under which the US venue operator will list options based on FTSE and Russell indices in the coming months.

The LSE, which owns FTSE, bought Frank Russell last year in a deal worth $2.7 billion. It recently announced that it would put the asset management arm of the firm, Russell Investments, up for sale, in a deal expected to reach around $1.4 billion.