The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets.
CBOE’s Index Options Go Global
As announced last week, CBOE has entered into a licensing agreement with MSCI to offer options trading on multiple MSCI Indexes, including the MSCI EAFE Index and MSCI Emerging Markets Index. CBOE’s MSCI Index options will help asset managers efficiently gain international equity exposure.
“CBOE Partners with MSCI to List Index Options”– Gabriel Surprise, Global Capital
“CBOE Gains Exclusivity for MSCI Options” – Helen Bartholomew, International Financing Review
The market seems to have been a little naughty, becoming more volatile than usual this holiday season. The VIX Index surged to its highest level since October, making some investors skittish about the markets. Will it be a Merry VIXmas?
“Volatility Update: Early Present For Vol Junkies – Fear Is Back” – JJ Kinahan, Forbes
“VIX Bets Surge Amid Biggest Stock Swings Since October” – Callie Bost, Bloomberg
“Wall Street’s ‘Fear Gauge’ May Not Recede Before Year-End” – Saqub Iqbal Ahmed, Reuters
“Volatility Spikes: Here’s The Trade that Tames It” – Steven M. Sears, Barron’s
Vol of Vol
While the CBOE Volatility Index is a measure of the S&P 500, the CBOE VIX of VIX Index (VVIX) is a measure of the VIX itself. So, what exactly is the VVIX telling investors? “Some see in the sudden ramp in VVIX as a sign that high-yield bonds (selling off for months) and stocks (still near all-time highs) might be about to reconcile their differences…”
“VIX of VIX Near Record: Some Market Observers Are Nervous” – Chris Dieterich, Barron’s
“The VIX pop: Bullish On the Margins?” – Adam Warner, Schaeffer’s Investment Research
New Era For OCC
Amidst a new regulatory environment, OCC sets out on a new course under the leadership of its new Executive Chairman, Craig Donohue.
“The Road Ahead: Donohue Leads OCC in a New and Pricier Era” – Sarah Rudolph, John Lothian News