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CBOE, S&P Form VIX Network
The Chicago Board Options Exchange and Standard & Poor’s have created a global network of exchanges with agreements related to the use of CBOE’s VIX methodology.
The Chicago Board Options Exchange (CBOE) and Standard & Poor’s (S&P) have created a global network of exchanges with agreements related to the use of CBOE’s VIX methodology. The VIX Network has been set up to offer an information-sharing venue for current and potential users of the VIX methodology and to promote VIX as the global standard for measuring market volatility.
CBOE is planning to provide options on volatility indexes tied to Apple, an exchange-traded fund tracking oil and four other stocks, adds Bloomberg. The exchange is looking to trade options on the CBOE Crude Oil Volatility Index, which measures the market’s expectation of 30-day swings by applying the VIX methodology to the United States Oil Fund.
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