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Futures

The CBOE Futures Exchange, LLC (CFE) is a new futures exchange that is owned by the Chicago Board Options Exchange. The Commodity Futures Trading Commission approved CFE as a contract market in August 2003. CFE is a fully electronic exchange that uses CBOEdirect as its trading platform.

Please see the following links for more information regarding CFE, CBOE S&P 500 Three-Month Variance Futures, and CBOE Volatility Index (VIX) Futures:






Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.