matt-mcfarland

Matt McFarland

Director, CBOE

  • VIX | Trader Talk | Education | Aug 30, 2017, 12:31 PM

    ETH Liquidity Continues to Improve

    ETH Liquidity Continues to Improve

    CBOE’s Extended Trading Hours (ETH) offers trading in the Exchange’s flagship SPX, SPXW, and VIX® option products beginning at 8:00 a.m. London time.  CBOE made ETH available in March 2015 and has seen significant growth in 2017. Liquidity has continued to improve and has most recently dramatically increased with the entrance of two London-based dealers willing and able to commit capital to trades.  Average daily volume has jumped from 4,400 contracts in 2016 to 7,500[...]

  • Mar 1, 2017, 11:55 AM

    Strong ETH VIX Option Volume in February

    Strong ETH VIX Option Volume in February

    Despite exceptionally low realized and implied volatility in February, CBOE experienced a massive increase in our VIX options average daily volume during our Extended Trading Hours session.  VIX options ETH ADV was 7,336 contracts per day in February 2017.  This compares to ADV of 1,761 contracts per day in 2016, a 416% increase. February VIX option ETH volume was bolstered by extremely strong sessions to close the month on February 24, February 27, and February 28, demonstrating that[...]

  • Market News | Strategy | Election & VIX | 2016 Recap | Nov 29, 2016, 11:24 AM

    Election Night Option Liquidity

    Election Night Option Liquidity

    CBOE’s Extended Trading Hours (ETH) options session reached a significant milestone in the wake of the surprising U.S. election results, surpassing 100,000 contracts for the first time on November 9. CBOE introduced the ETH options session in 2015 on our SPX and VIX products. The primary motivation for offering these products during off-market hours was to provide market participants with the opportunity to react to global events at the time of those events taking place, rather than having[...]