The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX Index and volatility-related articles from print, broadcast, online and social media outlets.
CBOE Plans Its London Debut
On Tuesday, CBOE announced that it will open its first international office in London next month, located in the Leadenhall building, aka “The Cheesegrater” building. This new initiative is one of many that allows CBOE to increase its global presence in the region and directly engage with its customers and partners. For more information see the press release.
“CBOE Opens First Overseas Office” – Lynne Marek, Crain’s Chicago Business
“CBOE Holdings (CBOE) Plans to Start London Office in July 2016” – Christian Mills, Street Register
“CBOE Unveils New London Office to Expand Reach into Europe and Globally” – Steven Hatzakis, Finance Magnates
CBOE Powerful Outcomes
Last week CBOE was bestowed with the honor of being named ‘Exchange of the Year’ at the GlobalCapital Americas Derivative Awards 2016. This is one of many awards the exchange has received over the years for its commitment to technological innovations in the industry and creation of groundbreaking products that support powerful portfolio performance.
“CBOE Named ‘Exchange of the Year’ At GlobalCapital Americas Derivative Awards 2016” – MondoVisione
“The Winners: GlobalCapital Americas Derivatives Awards 2016” – GlobalCapital
VIX FIX – Volatility’s Crucial Conflict
Several macro events are creating uncertainty in the markets, causing the CBOE Volatility Index to take notice, rising 19% this week and firmly over the 16 mark, but well below its 10-year average. Stocks drifted lower today, but recent trades in VIX futures suggest that investors aren’t overly concerned about any significant moves in the near-term. Is complacency warranted by investors, or should potential increased volatility give them pause?
“VIX Futures Don’t Signal Stress Even As VIX Rises” -
“How to Exploit the Options Market’s Fear Premium” – Steven Sears, Barron’s
“Volatility Update: Correlations Drop and Markets Meander” – Fred Ruffy, The Ticker Tape
“Devining Brexit” – Timothy Edwards, VIX Views
“Low VIX Open Interest Level Persist, Despite Potential Vol Ahead – Daniel O’Leary, EQ Derivatives
“Understanding the Rule of 16, Options Volatility Skew, And VIX, Kevin Hincks, The Ticker Tape
“BPVIX Hits Highest Level in 7 Years, So Let’s See the Skew and Term Structure for Listed Options” – Matt Moran, VIX Views