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’s Other Asset Class
On Thursday, CBOE’s Phil Slocum, EVP, Chief Risk Officer, Deb Peters, VP, Options Institute, Doug Hoffman, Director and Tom Knorring, VP, Market Data Sales, retired after many years of dedicated service. CBOE staff and family joined the retirees in a celebratory closing bell ceremony. We wish them the best in the next chapter of their lives.
CurveGlobal, a marketplace that offers competing interest rate products to small and midsize banks, marked its sixth month anniversary this week and continues to make strides in the industry. Opening with six European interest rate futures contracts last September, Curve now trades thousands of lots a day and is focusing on expanding its product line. CurveGlobal is a joint venture between the LSE Group, CBOE and major dealer banks.
“Curve’s Ross Eyes ‘Systemic Relevance’” – Luke Jeffs, FOW
“Curve to Start Margining German Rates in Late 2017” – Luke Jeffs, FOW
VIX Fix: Volatility’s Immunity
After another tumultuous week of crippling setbacks for the presidential administration, the “Trump Rally” appears to have lost its momentum. The Dow Jones Index (DOW) is on track for its first monthly loss of 2017, albeit still higher by nearly 5 percent on the quarter. The CBOE Volatility Index (VIX) popped above its 200-day moving average last Friday, closing at 13.54, its highest close of 2017, but subsided after shrugging off the current political climate and landing in the 12-range. But as another round of executive orders geared toward trade issues takes center stage, volatility’s immunity may become a thing of the past.
“Stock-Market Fear Threatens a Return, as Dow Stares at Longest Losing Streak in 6 Years” – Mark DeCambre, MarketWatch
“Dow Suffers Longest Losing Streak Since 2011” – Corrie Driebusch and Aaron Kuriloff, Wall Street Journal
“Move Over Golden Goose – We’ve Got VIX to Sell” – Peter Tchir, Forbes
“S&P 500 and VIX’s Relationship Reveals Interesting Insights” – Charles Younes, Financial Times