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.
Yesterday, CBOE Futures Exchange (CFE) announced that Stellar Trading Systems, a multi-asset trading software and services specialist, has established connectivity with CFE. This new link extends the exchange’s global footprint, broadening its reach with European and Asian investors. For additional information, see the Press Release.
“Stellar Trading Systems Connects its Platform to CBOE Futures Exchange” – Steven Hatzakis, Finance Magnates
Up All Night with VIX
Last Friday, April 15, CBOE began dissemination of VIX Index values overnight, from 2:15 a.m. to 8:15 a.m. CT, allowing investors to gauge real-time volatility on a near-constant basis as global events unfold outside normal U.S. trading hours.
“CBOE’s Overnight VIX Dissemination Extends Global Push” – Renee Caruthers, Fierce Finance IT
Exotic Options “Flexercised”
Last month, CBOE introduced FLEX index options with Asian and Cliquet style settlement. These exotic options equip insurance professionals with another avenue of hedging, while providing traditional exchange-traded benefits like enhanced price discovery, transparency and centralized clearing.
“CBOE Launches FLEX Option Indices” – Mike Kentz, International Financing Review
“Insurer Trades First Asian-Style CBOE FLEX Option” – Daniel O’Leary, EQ Derivatives
CurveGlobal Gears Up
In the third quarter of 2016, CurveGlobal, a new interest rate venture between the London Stock Exchange Group, CBOE and major dealer banks, is expected to make its debut. Its new CEO, Michael Davie, recently explained how the initiative provides a new twist in the sector.
“CurveGlobal’s Michael Davie Looking for New Twist on Interest Rates” – John Lothian Newsletter
VIX FIX – Volatility Takes a Tumbleeeeeee!
Markets shrugged off concerns of macro issues as the Dow again topped 18,000 before retreating slightly today. The VIX Index reached new lows for the year, falling to 12.50 during intra-day trading Wednesday. Positions taken in the VIX indicate calmer markets in the near-term, but more volatile markets in the long term.
“Record VIX Bets Keep Surging as Wall Street Divines Mixed Signal” – Joseph Ciolli and Inyoung Hwang, Bloomberg
“Where Has All the Volatility Gone? VIX Hits Lowest Level of 2016” – Saumya Vaishampayan and Ben Eisen, The Wall Street Journal
“Options Investors Fear the Bear but Embrace Volatility” – Steven M. Sears, Barron’s
“Volatility Update: VIX Slips and the S&P Eyes New Highs” – Frederic Ruffy, The Ticker Tape
“Steep May Skew Entices VIX Calls” – Daniel O’Leary, EQ Derivatives
“Trading Volatility: Insights from Professional Traders” – Kevin Hincks, The Ticker Tape
“Get Ready for Return of Volatility: Bernstein CIO” – Tom DiChristopher, CNBC
“Low VIX Signals Robust Appetite for Equities and Oil” – Jamie Chisholm, Financial Times
“More Concerns with VIX Related Equity Hedges” – Peter Tchir, Forbes