CBOE To Begin Overnight Dissemination Of CBOE Volatility Index (VIX)

-- Will Provide Additional Real-Time Volatility Information When News Breaks Overnight

-- Will Enable Overseas Investors to Reference VIX Index During Their Regular Trading Hours

Feb 02, 2016, 14:49 ET from Chicago Board Options Exchange

CHICAGO, Feb. 2, 2016 /PRNewswire/ -- The Chicago Board Options Exchange® (CBOE®) today announced that it plans to begin overnight dissemination of the CBOE Volatility Index® (VIX® Index) in March.

        

Values for the VIX Index are expected to be published every 15 seconds during CBOE's extended trading hours session for VIX and S&P 500® Index (SPX) options, which runs from 2:00 a.m. to 8:15 a.m. CT.    

The CBOE VIX Index, widely considered to be the world's premier barometer of equity market volatility, is calculated using real-time prices of SPX options, which historically traded only during regular U.S. trading hours.  In March 2015, CBOE added the additional 6-hour and 15-minute overnight SPX trading session.  The added trading hours provide a global customer base with increased access to SPX trading, and also enable CBOE to calculate and disseminate the VIX Index during the overnight trading session. 

"Overnight dissemination of the VIX Index enables market participants to view volatility during that period through the same lens used in regular U.S. trading hours," said CBOE Holdings CEO Edward T. Tilly. "Our ability to more continuously calculate VIX will provide additional real-time volatility information when news breaks overnight and will enable overseas investors to reference VIX during their regular trading hours, further cementing the role of VIX as the world's gauge for market volatility."  

CBOE is the home of volatility trading.  An innovator in the volatility space and leading creator of measures that track market volatility, CBOE currently publishes data on more than three-dozen volatility-related benchmarks and strategies, including indexes that track broad-based indexes, sector and commodity-related ETFs, individual equities and others. Additional information on the CBOE Volatility Index, VIX options and futures, and CBOE's entire suite of volatility products can be found at www.cboe.com/Volatility.

About CBOE:

Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option.  Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.

Media Contacts:


Analyst Contact:

Suzanne Cosgrove

Gary Compton

Debbie Koopman

(312) 786-7123

(312) 786-7612

(312) 786-7136

cosgrove@cboe.com 

comptong@cboe.com 

koopman@cboe.com

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CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, CBOE Futures ExchangeSM, BXMSM, WeeklysSM and The Options InstituteSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE).  Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE, CFE and C2. All other trademarks and service marks are the property of their respective owners.  

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SOURCE Chicago Board Options Exchange



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