The Chicago exchange has said it could launch a weekly contract based on the 30-day VIX
Trading of CBOE’s nine-day volatility index
(VXST) derivatives has been slow to gain traction and mirror
the success of other VIX products because liquidity providers
have been unable to get on board with the new product, the
exchange said, writes Joe Parsons.
Speaking on a conference call Edward Tilly, CEO of CBOE
Holdings, said volumes for the product have not lived up to
expectations, largely due to the absence of liquidity
"While we would like a better volumes story at this point,
we have not had the liquidity provider participation we
expected early on, which has impacted market quality," said
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