Jay Caauwe

Jay Caauwe

Director of Business Development for CBOE Futures Exchange (CFE). Focus on developing domestic and international business, leading to significant increases in exchange traded volume while working closely with buy/sell side. Assesses relevant business opportunities, developing a strategic marketing direction and plan of action as part of the directed approach to enhance the company brand and the positioning of the company.

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VIX Futures Set Another Monthly Record

Good day friends of CBOE, Jay Caauwe back with an update on yet another record month in VIX futures and  overall CBOE Futures Exchange volume. In fact, new records were set in total monthly volume, ADV and single day trading activity. So on to the numbers: VIX Futures For the fourth consecutive month, total monthly [...]

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VIX Settlement: Risk Inherent in the Settlement Procedure

The Final Settlement Value of each Volatility Index Futures and security contract is calculated from the actual opening premium prices on CBOE of the Constituent Options on the Final Settlement Date, unless there is no opening trade in a series, in which case the mid-point of the bid and offer premium quotations for that series [...]

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CBOE / CFE London Hub

With the recent announcement of  CBOE / CFE establishing a London hub, the author felt it merits a little more exploration into the world of hubs and their interaction with the electronic marketplace.    Exchanges around the world are eager to attract traders and order entry firms with co-location services, in which these traders and [...]

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CFE Pushes to Record Volume Levels in 2012

CFE pushes to record levels in 2012 VIX Futures and CFE exchange-wide volume doubled from 2011 and not only did CFE end up with a record trading day on the last day of the year, but 2013 started with another single day record of 221,323.  Plus in a record-setting year, a host of new milestones [...]

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TAS on VIX Futures; a One Year Refresher

Now that it has been one year since the introduction of TAS trading at CFE, the writer feels that a recap and brief YTD snapshot is in order. Responding to market participants need to effectiviely price VIX futures near the end of day, CFE introduced TAS transactions on November 4, 2011. For those not familiar [...]

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VIX Clicks ! Upticks in VIX Futures Volume

With the pages closed on Q3, volumes at CFE (CBOE Futures Exchange) continue to demonstrate the utility and popularity in trading VIX futures. First, the numbers: VIX futures in September traded over 2.4 million contracts, for an increase of nearly 26 % over August and an 11% over June which was the previous record month. [...]

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Volatility Trading Sets records

Volatility trading or more specifically, VIX futures trading continue to prove their merit as evidenced by the just released July numbers for CFE. Trading across many exchange listed products tend to exhibit a slowdown in activity during the summer months, but where better to stay involved and positioned than through the use of VIX futures. Reflecting market moves, whether [...]