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 Hosts Press Briefing at FIA Conference
On Wednesday, CBOE hosted a press briefing for journalists attending the 42nd annual international Futures Industry Association (FIA) Conference in Boca Raton, Florida. Chairman and CEO Ed Tilly, President and COO, Chris Concannon, CSO and Head of Multi-Asset Solutions, John Deters, and President of Bats Europe, Mark Hemsley met with press to share progress of the CBOE-Bats integration and the expected benefits the combined company will provide.
Pictured from right to left: Mark Hemsley, Ed Tilly, Chris Concannon and John Deters.
For more information on the CBOE-Bats integration, visit http://batsintegration.cboe.com/.
VIX Fix: Volatility’s Disappearing Act
As investors continued to face an environment of political uncertainty, major market indicators closed slightly higher in the wake of the Federal Reserve’s decision to hike interest rates 25 basis points at its FOMC meeting Wednesday. The Dow jumped 112 points on Wednesday as Fed Chair Janet Yellen cited a stronger economy. Conversely, the CBOE Volatility Index (VIX) began to drift downward, dipping below 11 on Friday. Despite volatility’s dissipation, call buying on VIX options has trended upward, creating an impressive amount of open interest. Collectively, these elements may cause one to question if volatility has disappeared, or if it is just conducting a little surveillance of its own.
“Be Careful: Stock Volatility is Hiding, Not Hibernating” – James Mackintosh, The Wall Street Journal
“Volatility, Stocks in Strange Dance” – Barron’s
“Market Defy Global Political Storms” – Saumya Vaishampayan, The Wall Street Journal
“Financial Matters: Understanding the VIX” – Barry Nielsen, Financial Matters