Futures Contracts on the CBOE Volatility Index® (the VIX® Index) - Introduction
Trading in VIX volatility index futures was introduced at The CBOE Futures Exchange (CFE) in 2004, shortly after the VIX® index calculation was changed in 2003.
The chart below shows the growth in open interest for the VIX® futures contracts through late 2011.
Trading volume and open interest in VIX futures contracts has grown in recent years as volatility has been established as an asset class. Futures contracts on the VIX index are one of the best methods of taking a position in this emerging asset class.