The Weekly Options News Roundup – 5/20/2016

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.

William Brodsky: Legacy Continues
CBOE held its Annual Meeting of Shareholders yesterday.  The company announced the billaddition of William M. Farrow III, President and CEO of Urban Partnership Bank, to its board, and that Chairman William Brodsky revealed that he would not be a candidate for director in 2017.  After a long and prosperous career with CBOE, Brodsky will continue in the industry, joining his son’s investment firm.  For more information see press release.

“Brodsky, CBOE Chairman Who Took Exchange Public, to Retire” – Brian Louis, Bloomberg

“CBOE Chairman Bill Brodsky to Exit Board, Company” – Lynne Marek, Crain’s Chicago Business

“CBOE Veteran William Brodsky to Step Down” – Alice Attwood, FOW

Tom Knorring – Hall of Famer Number Thirty 1
For the past six years, the Inside Market Data Hall of Fame has honored leaders in the market bbbbdata industry who have made considerable contributions over the years that have inspired and affected change within the industry.  On Wednesday, CBOE’s very own Tom Knorring, Vice President, Business Development, became the 31st inductee into the IMD HOF.    Tom has played an instrumental role in the development, management and expansion of CBOE’s market data services for nearly four decades.  For more details, see the press release.  Congratulations, Tom!

“CBOE’s Thomas Knorring Inducted into Inside Market Data Hall Of Fame” – Mondovisione

OIC Highlights
The 34th annual Options Industry Council (OIC) Conference was held last week.  The gathering in Rancho Palos Verdes, California attracted exchange representatives and trading professionals from across the options industry to exchange ideas and discuss the issues facing the business.   Personnel from CBOE were on hand to highlight some of the exchange’s key initiatives.

“Market Data, Surveillance, and User Experience. Who Knows Better than LiveVol?”
Options Insider- Catherine Clay, Vice President of Business Development, CBOE Livevol

“Talking Weeklys, Auctions and More with CBOE”
Options Insider – Bill Looney, Director, Global Client Services, Head of CBOE New York

“Double Miles?: CBOE’s Frequent Trader Program Looks to Reward Traders and Provide a Window Into Traders’ Worlds” – Jim Kharouf, John Lothian News

“The 34th Annual Options Industry Conference – An Update from This Financial Markets Sector- Jessica Darmoni, The Glass Hammer

“VIX and S&P 500 Gems Keep CBOE Ahead Despite Nasdaq’s Big Leap” – Brian Louis, Bloomberg

VIX FIX- Out of Sight
Stocks rose today setting course for the market to break free of its three week losing streak with the Dow Jones Index and S&P 500 steadily advancing. Investors are dismissing worries of future Fed hikes and mixed results on retail earnings, sending the CBOE Volatility Index lower for the week, closing near 15.50 on Friday.  As summer quickly approaches, will volatility begin to sizzle?

“Traders Target June VIX Calls as Fed Meeting Looms” – Daniel O’Leary, EQ Derivatives

“Placid VIX Tells Little of Volatility Story as Futures Take Off” – Joseph Ciolli, Bloomberg

“Has ‘VIX’ Bottomed?” – Peter Tchir, Forbes

“Volatility ETFs: Buy or Sell Now? – Sweta Killa, Yahoo Finance

“Goldman: Time to Hedge Market Risk; Here’s How” – Steven Sears, Barron’s