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.
Army Brigadier General Rings Opening Bell
On Wednesday, CBOE welcomed Army Brigadier General Ronald J. Place to the trading floor to ring the bell as part of the national “Meet Your Army” initiative. A video of the bell- ringing ceremony can be viewed here.
On Tuesday, Bats Europe, a CBOE company, announced the successful rollout of its penultimate software release ahead of MiFID II.
All of the major real-time exchange functionality needed for MiFID II compliance was incorporated into this latest software release, which was seamlessly deployed on Friday, July 14.
Market participants have six months to test the MiFID II functionality on Bats Europe and adapt their systems accordingly in preparation for the January 3, 2018 MiFID start date.
For more information, see the press release.
“Bats Europe Deploys Latest Software for MiFID II” – Jack Ball, Global Investor Group
“Bats Europe Rolls out Penultimate MiFID II Exchange Upgrades” – John Brazier, Waters Technology
VIX Fix: Volatility’s Calm, Cool and Collected
Markets are slightly lower after another week of all-new record highs in the Dow Jones Industrial Average, and Nasdaq and S&P 500 Indexes. Volatility levels remain subdued across multiple sectors as corporate earnings, although tepid, are expected to improve as well-known names report this week. The CBOE Volatility Index (VIX) closed below 10 each trading day last week, as investor confidence continued to build. So while the market focuses on earnings and ignores volatility in the geopolitical world, stocks are expected to push full steam ahead.
“Market Tunes Out Troubles with S&P 500 Rising to Record, VIX Dropping” – Oliver Renick, Bloomberg
“The Shockingly Subdued ‘Fear Index’ Doesn’t Mean What You Think It Means” – Mark Hulbert, MarketWatch
“The Stock Market Hadn’t Been This Confident in 24 Years” – Joe Ciolli, Business Insider
“VIX Options Trader Braces for August Volatility Spike” – Karee Venema, Schaeffer’s Investment Research
“Managed Futures Traders Can Quit Pining for Volatility” – Nir Kaissar, Bloomberg
“What’s Behind Low Volatility?” – Christian Hille, FT Adviser
“This One Stock Market Indicator Tracks Investor Fear. It Just Hit a 24-Year Landmark” – Paul J. Lim, Money
“Markets’ Steady Climb in 2017 Defies Historic Odds” – Steven Russolillo, Wall Street Journal