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.
Checking in at the Options Industry Conference
Last month, the 35th annual Options Industry Conference was held in Scottsdale, AZ, where over 450 options industry professionals, including several CBOE leaders, gathered to discuss important issues facing the industry. During the conference, CBOE Senior Vice President and Head of Global Derivatives, Andy Lowenthal, and Vice President, Options Business Development, Kapil Rathi, sat down for interviews with John Lothian News, to offer insights on the CBOE – Bats integration.
“Insight into the Bats Integration from CBOE’s Lowenthal”
Interview: Andy Lowenthal
John Lothian News
“Inside Take on Bats’ Technology at CBOE”
Interview: Kapil Rathi
John Lothian News
Take a Bow
On May 25, GlobalCapital held its Americas Derivatives Awards 2017 at a gala dinner in New York’s Metropolitan Club. CBOE won “Derivatives Exchange of the Year.” The annual event honors the companies, platforms, services and products throughout the Americas that have made an impact on the U.S. derivatives industry during the year. Nominations are based on market feedback and research conducted by GlobalCapital.
This was the fifth industry award that CBOE Holdings has received in 2017.
See the complete list of Americas Derivatives Award Winners here.
VIX Fix: All 10s
Another week, another record – the Dow Jones Industrial Average (DOW) saw back to back records highs Thursday and Friday, despite the constant drumbeat of political drama. President Trump opted out the Paris Climate Agreement, which seemed to impress market participants, citing that the agreement was bad for U.S. businesses. Meanwhile, the CBOE Volatility Index (VIX) closed below the 10 level four days in the month of May and also the first two trading days in June. To put this rarity in perspective, since 1990, the VIX Index has had an end of day close below the 10 level only 9 other times! Volatility lovers haven’t given up hope, looking for more volatile days ahead, but for the present – it’s just not here.
“Volatility Quiets Down” – Ben Eisen, The Wall Street Journal
“Don’t Fear the ‘Fear Gauge’” – Kenneth Rapoza, Forbes
“What the Heck is the ‘Fear Gauge”, Anyway?” – Karen Wallace, Morningstar
“VIX Index Closes Below 10 Again” – Matt Moran, CBOE Options Hub