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.
AFX Up and Running
The new American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds, launched successfully last Friday. Trading on the first day represented a total value of $15 million in transactions.
“MB Financial Bank Trades on New Financial Exchange” — Daily Herald
“CBOE-Backed Loan Market for Banks Begins Trading” — Kristin Broughton, American Banker
“CBOE Helps Launch American Financial Exchange” — ABC Channel 7, Friday, December 11
Despite the big news from the Federal Reserve on Wednesday (or was it?), the CBOE Volatility Index barely blinked, with VIX at 19.63 mid-day today, nearly the same level as Wednesday afternoon. Even though Fed uncertainty is out of the equation, volatility is still expected to remain in the short term.
“Fed Move Fails to Quash Volatility Expectations” – Alex Rosenberg, CNBC
“Prepare For More Volatility Ahead: MKM” – Teresa Rivas, Barron’s
“It’s Time to Buy Insurance: David Rosenberg” – Amanda Diaz, CNBC
“Ahead of the Fed: Tectonic Shifts in Bonds, Oil and the Dollar” – Dan Strumpf, Saumya Vaishampayan, Min Zeng, The Wall Street Journal
“When VIX Hits ‘Maximum Turbo’” – Adam Warner, Schaeffer’s Investment Research
“Is the VIX Screaming Stocks Are in Big Trouble” – Chris Ciovacco – Seeking Alpha
“Update: Can a Santa Rally Chase Away the Bears?” – Lawrence G. McMillan
“Volatility is Here to Stay” – Mark Sebastian, Option Pit
Yahoo Finance -Tuesday, December 15