The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast, online and social media outlets.
Interest Rate Futures thrown a Curve Ball with CurveGlobal
CBOE announced today that it has taken a minority stake in CurveGlobal, a new interest rate trading venue. CurveGlobal is a joint venture between the London Stock Exchange Group, CBOE and major dealer banks. CurveGlobal will aim to provide customers in that space with a compelling trading alternative that offers new and competing interest rate products, increased trading efficiencies and reduced transaction costs.
“LSE Aims to Secure Place in Interest Rate Futures Market” – Philip Stafford, Financial Times
“LSE’s Assault on Europe’s Futures Giants Leaves the Shadows” – John Detrixhe, Bloomberg
“LSE Confirms Curve Backers, Launch Date of Q2 2016” – Luke Jeffs, FOW
“What’s Different About Curve?” – William Mitting, FOW
“LSE Group Launches Interest Rate Derivatives Joint Venture”- Noor Zainab Hussain, Reuters
“CBOE Holdings Takes Minority Ownership Stake in CurveGlobal” – CBOE Press Release
VIX Weeklys One Week Old
One week ago, CBOE added VIX Weeklys options to its suite of Weeklys contract offerings. VIX Weeklys options contracts will allow investors to trade more precisely around event-driven moves in the markets.
“The First Day of VIX Index Weekly-Expiration Options: Why Care?” – Peter F. Way, Seeking Alpha
The VIX Index has subsided alongside a calmer market, but volumes in its options contracts this week have been heavy. The market has now honed its attention on earnings season while the specter of a possible interest rate hike later this year looms. Has volatility run its course, or is it simply revving its engines?
“Chicago Trader: VIX Could Close Year Around 13” – Ryan Sachetta, EQ Derivatives
“Volatility Traders Have a Big Problem: Themselves” – Tracy Alloway, Bloomberg
“VIX Charts Show How Unsettled the U.S. Stock Market Still Is” – Oliver Renick, Bloomberg
“VIX Options See Heavy Volume As Expiry Looms” – Ryan Sachetta, EQ Derivatives
“VIX Tumbles in Longest Losing Streak Since ‘09” – Robin Wigglesworth, Fast FT
“Equity Volatility Faces Earnings Test” – Robin Wigglesworth, Financial Times
“Has The Volatility Spike Run Its Course?” – Adam Warner, Schaeffer’s Investment Research
“For Chicago Traders, the Long Wait is Over” – Lynne Marek, Crain’s Chicago Business
“What Volatility? Plunging VIX On Pace For Record-Tying 10th Straight Slide” – Chris Dieterich, Barron’s