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.
Global Index Options Emerging
On Thursday, CBOE announced plans to launch options on the FTSE Emerging Index (FTEM) beginning September 26th. The FTSE Emerging index is a market-capitalization weighted index that represents the performance of large and mid-cap companies from advanced and secondary emerging markets. For more information, see the press release or visit, www.cboe.com/FTEM.
“CBOE to Launch Options on FTSE Emerging Index” – Daniel O’Leary, EQ Derivatives
“CBOE to Introduce Options on FTSE Emerging Index” – Aziz Abdel-Qader, Finance Magnates
CURVEGLOBAL Launch In 10…9…8…
The countdown for the September 26th launch date of CurveGlobal has finally begun. With its official opening just 8 days away, the venue underwent successful testing of the technology and infrastructure that will support the CurveGlobal trading platform. In addition, it has begun to unveil its trading and clearing fees.
“LSE Passes First Client Testing With CurveGlobal” – Luke Jeffs, FOW
“LSE Curve Undercuts Rivals on Fees, Blocks” – Luke Jeffs, FOW
VIX Fix: Breath of Fresh Volatility
After a long lull, volatility has seemingly ended its summer vacation, returning to markets in the past week. The Dow Jones saw several days of triple-digit moves, while the CBOE Volatility Index (VIX Index) remained at its highest levels since June, now around the 15 level. The catalyst for this fresh round of volatility stems from uncertainty in Fed direction on interest rates and future political uncertainty. As Election Day draws near and an interest rate hike is still on the table, volatility may be ready to get this party started.
“When Volatility Spikes, Opportunities Abound” – Steven M. Sears, Barron’s
“Volume in the Volatility Market Absolutely Exploded During Tuesday’s Rout” – Lu Wang and Oliver Renick, Bloomberg
“Volatility Spike Brings Abrupt End to Markets’ Summer Vacation” – Inyoung Hwang, Paul Vigna and Aaron Kuriloff
“Volatility Recedes as Markets Bounce Back” – Ben Eisen, Wall Street Journal
“Volatility Puts Some Funds at Risk” – Corrie Driebusch and Aaron Kuriloff, Wall Street Journal
“Wall Street’s ‘Fear Gauge’ Shows It’s About to Get Wild in the Stock Market”- Mark Decambre, Market Watch
“Volatility Curve Suspiciously Quiet Leaves Analysts on Edge” – Oliver Renick, Bloomberg