S&P Dow Jones Indices, the index division of S&P Global (NYSE: SPGI), has licensed its S&P 500® index to Hyperliquid-native perpetual futures provider Trade[XYZ].

Index License: According to a press release, S&P Dow Jones Indices has licensed Trade[XYZ] to launch, "the first and only officially licensed perpetual derivative contract based on The 500®." More than 550 global financial institutions are licensed to build investment products linked to S&P's indices.

Exclusive Access: According to S&P Global website, "A license with S&P DJI gives an organization the data and permissions needed to replicate the performance of one or more of our indices in their investment products. Licensees are also able to leverage our world-renowned brand to promote their products."