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.
Bill Brodsky’s Look Back
After leading CBOE for 20 years as Chairman and CEO, Bill Brodsky retired from the exchange two months ago.
During his tenure as Chairman and CEO, Bill oversaw a number of major initiatives at CBOE such as the migration of the traditional floor-based trading to an electronic hybrid model, the launch of VIX futures and options trading, the successful transition of the company from a member-owned organization to a publicly traded company, CBOE’s IPO, and the $3.4 billion acquisition of Bats Global Markets, which made CBOE one of the world’s largest exchange operators.
Brodsky recently sat down with the John Lothian News to reflect on his time on Wall Street and LaSalle Street during an amazing 50-year career.
“Bill Brodsky’s Pioneering Career: An Industry Innovator Looks Back”
John Lothian News
May 11, 2017
VIX Fix: One Score and Three Years Ago
The French election outcome, strong corporate earnings and a belief in future business friendly legislation, failed to make any volatility waves in the market. New highs in the Nasdaq and a relatively flat Dow, pushed volatility down, as seen in the CBOE Volatility Index’s (VIX) 9.77 close on Monday, its first close below the ten level in twenty three years. By week’s end, the VIX Index remained in the 10 range, well below its historical average of 20. So it looks as if, at least in the short-term, investors are expecting strong tailwinds and smooth sailing in a sea of stock market calm.
“It’s Not Just the VIX – Low Volatility is Everywhere” – Jamie McGeever and Vikram Subhedar, Reuters
“Use Straddles to Capitalize on Low Stock Market Volatility” – Steven M. Sears, Barron’s
“Market’s ‘Fear Gauge’ Nears 1993 Low” – Gunjan Banerji, The Wall Street Journal
“Wall Street’s Fear Gauge Falls to Lowest Level Since 1993” – Robin Wigglesworth and Joe Rennison, Financial Times
“VIX Closes at Lowest Since 1993 as Trance Deepens in Market” – Oliver Renick, Bloomberg
“Low Volatility Means ‘Historic Opportunities’ to Buy Options, Goldman Says” – Ryan Vlastelica, Market Watch
“Buying Into the Turmoil: Investors Embrace the Risks” – Landon Thomas Jr, New York Times
“Investors Split on What Ultra-Low VIX Means for Markets” – Victoria Craig, Fox Business
“Conventional Wisdom About the VIX ‘Fear Gauge’ is All Wrong” – Mark Hulbert, Market Watch
“Hold On! The VIX Isn’t as Low as It Looks!” – Ben Levisohn, Barron’s
“All-Time Low VIX Could Still Go Lower” – Daniel O’Leary, EQ Derivatives
“What’s Up? It Ain’t the VIX” – Johanna Bennett, Barron’s