Chicago Board Options Exchange (CBOE) announced the first
futures contract to be listed on its CBOE Futures Exchange will
be Volatility Index futures (VIX).
Staying in sync with options contracts already listed at the
options exchange, VIX futures and options contracts will be
based on the volatility of the S&P 500 index options, and
are the first in a new group of volatility-focused products
from CBOE. The exchange is expected to launch sometime in the
fourth quarter, pending regulatory approval.
CBOE Chairman and ceo Bill Brodsky told FO Week that the
exchange strategy for futures is to offer contracts that are
familiar to its members and traders.
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