The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast, online and social media outlets.

AFX Up and Running

The new American Financial Exchange (AFX), an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds, launched successfully last Friday. Trading on the first day represented a total value of $15 million in transactions.

“MB Financial Bank Trades on New Financial Exchange” -- Daily Herald http://bit.ly/1k3eyMY

“CBOE-Backed Loan Market for Banks Begins Trading” -- Kristin Broughton, American Banker http://bit.ly/1JdWAhr

VIDEO: “CBOE Helps Launch American Financial Exchange” -- ABC Channel 7, Friday, December 11 http://bit.ly/1Yqh39L

VIX FIX

Despite the big news from the Federal Reserve on Wednesday (or was it?), the CBOE Volatility Index barely blinked, with VIX at 19.63 mid-day today, nearly the same level as Wednesday afternoon. Even though Fed uncertainty is out of the equation, volatility is still expected to remain in the short term.

“Fed Move Fails to Quash Volatility Expectations” – Alex Rosenberg, CNBC http://cnb.cx/1PbbSrR

“Prepare For More Volatility Ahead: MKM” – Teresa Rivas, Barron’s http://on.barrons.com/1NTFP0w

“It’s Time to Buy Insurance: David Rosenberg” – Amanda Diaz, CNBC http://cnb.cx/1mopR48

“Ahead of the Fed: Tectonic Shifts in Bonds, Oil and the Dollar” – Dan Strumpf, Saumya Vaishampayan, Min Zeng, The Wall Street Journal http://on.wsj.com/1IUiDip

“When VIX Hits ‘Maximum Turbo’” – Adam Warner, Schaeffer’s Investment Research http://bit.ly/1IUD2DZ

“Is the VIX Screaming Stocks Are in Big Trouble” – Chris Ciovacco – Seeking Alpha http://bit.ly/1TQn9yS

“Update: Can a Santa Rally Chase Away the Bears?” -  Lawrence G. McMillan http://bit.ly/1Oyaqgw

VIDEO: “Volatility is Here to Stay” – Mark Sebastian, Option Pit Yahoo Finance -Tuesday, December 15 http://yhoo.it/1IUDYbD