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.     

The CBOE Honors
On Wednesday evening, CBOE honored former Chairman and CEO Bill Brodsky at a farewell gala in the grand ballroom of Chicago’s historic Navy Pier, attended by hundreds of financial industry professionals. Current CBOE Chairman and CEO Ed Tilly presented Bill and Joan Brodsky (pictured) with Bill’s chairman portrait, which will become the fifth to hang in the exchange’s 7th floor boardroom. 
Portrait

Other long-time CBOE staff were honored at the event as well, including Ed Provost, Gerry O’Connell, Phil Slocum, Tom Knorring, Deb Peters and Tom Brady. 

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Brodsky and Provost recently sat down with John Lothian News to discuss their time in the industry.  You can view the videos here - Brodsky Interview  and Provost Interview

“CBOE’s Brodsky Honored for Modernizing Options”- Steven M. Sears, Barron’s

http://bit.ly/2r0opeH

VIX Fix: Volatility Awakens  
Approaching the four month mark of the Trump Presidency, markets have performed unusually well in an environment plagued with uncertainty.  Even after a number of geo-political dramas, major market indicators all saw recent record highs, while the CBOE Volatility Index (VIX) experienced lows not seen in more than two decades.  Investors reached their tipping point on Wednesday, when it was learned that a Special Prosecutor has been appointed to investigate the President.   Reacting to this news, the Dow plunged more than 300 points and the  VIX Index spiked 46% into the 16s, before pulling back Friday to the  12-range.    So, as events continue to play out on the political stage, volatility just may have become a cast member in the next act.

“Look Out! Dow Drops 250 Points; VIX Spikes 28%” – Johanna Bennett, Barron’s 
http://bit.ly/2rzJIkr

“Volatility ETFs Surge as VIX Up Most Since Before the Elections” – Max Chen, ETF Trends
http://bit.ly/2rA168A

“Stocks, Dollar Sink on Washington Turmoil” – Corrie Driebusch, Riva Gold, and Aaron Kuriloff, The Wall Street Journal
http://on.wsj.com/2r0LX3b

“Wall Street’s Dead Calm Unnerves Frustrated Traders” – Robin Wigglesworth, Financial Times
http://on.ft.com/2qBvnpp

“Should We Fear the Stock Market’s Lack of Fear? – James Mackintosh, The Wall Street Journal
http://on.wsj.com/2q1a8dR

“Trading the Week: Low Volatility Conundrum Plagues Market” – John D’Antona Jr., Traders Magazine
http://bit.ly/2rmoBoC

“The VIX Isn’t Broken, It Just Needs Time: Aroya Capital” – Daniel O’Leary, EQ Derivatives
http://bit.ly/2qBAiXB

“VIX Higher, But Further Gains May Be Stymied” – Daniel O’Leary, EQ Derivatives
http://bit.ly/2pTBXZr

“There’s a Big Technical Reason for Low Volatility in Stocks” – Tracy Alloway, Bloomberg Markets
https://bloom.bg/2rmrohl