CHICAGO, Nov. 18, 2013 /PRNewswire/ — Chicago Board Options Exchange, Incorporated® (CBOE®) today announced that it has expanded the frequency for disseminating values on its recently created CBOE Short-term Volatility IndexSM (VXSTSM index). VXST index values now are generally disseminated every 15 seconds during the trading day versus once a day previously, allowing traders to track intra-day volatility of the index.
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Short-term VIX index values are available on CBOE’s website at www.cboe.com/VXST and through quote data vendors.
CBOE began disseminating values on the Short-term VIX index on October 1. Like CBOE’s flagship CBOE Volatility Index® (VIX® index), the Short-term VIX index reflects investors’ consensus view of expected stock market volatility. Whereas VIX has a 30-day horizon, the Short-term VIX looks out just nine days, making it particularly responsive to changes in short-term volatility triggered by market events, such as earnings, government reports and Fed announcements.
Plans call for CBOE and CBOE Futures Exchange, LLC (CFE®) to introduce Short-term VIX WeeklysSM options and futures in the first quarter of 2014, pending regulatory approval.
A complete overview of the VXST Index can be found at www.cboe.com/VXST. Additional information on all of CBOE’s volatility products can be found at www.cboe.com/Volatility.
CBOE is the home of volatility trading. An innovator in the volatility space and leading creator of measures that track market volatility, CBOE currently publishes data on more than two dozen volatility-related benchmarks and strategies, including indexes that track broad-based indexes, sector and commodity-related ETFs, individual equities and others. Additional information on CBOE’s volatility products can be found at www.cboe.com/Volatility.
About CBOE Holdings
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.
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CBOE®, Chicago Board Options Exchange®, CFE®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, CBOE Short-Term Volatility IndexSM, Execute SuccessSM, SPXSM, The Options InstituteSM, VXSTSM and WeeklysSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by CBOE and CFE.
SOURCE CBOE Holdings, Inc.
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