Cboe_128x128

Cboe Blog

Cboe Global Markets, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.

  • Nov 22, 2019, 11:09 AM

    Carol Kennedy and Arianne Criqui Recognized for Excellence in their Fields

    Carol Kennedy and Arianne Criqui Recognized for Excellence in their Fields

    Carol Kennedy, Chief Marketing and Communications Officer, and Arianne Criqui, Global Head of Derivatives and Global Client Services, were honored at the 5th Annual Markets Media Awards: Women in Finance for excellence in their fields. The awards recognize the most talented and accomplished women in the finance industry. Carol and Arianne were nominated because of their dedication, passion and persistence. They are extraordinary at what they do and exemplify what it means to be a leader. Learn more[...]

  • Oct 9, 2019, 2:51 PM

    Cboe RMC Europe Insights: 2019 Munich Interviews

    Cboe RMC Europe Insights: 2019 Munich Interviews

    Our speakers and panelists at the 2019 Cboe Risk Management Conference Europe had plenty of knowledge and insights to share in Munich. Topics ranged from options-based strategies to all things volatility and risk management. Watch the videos below for insights from RMC Europe 2019.   Get the scoop on day one, day two and day three. Still eager to learn more from our RMC experts? Check out interviews from Cboe RMC U.S. Resources VIX products S&P 500 Index Options Strategy Benchmark[...]

  • Sep 26, 2019, 3:35 PM

    Ed Tilly: All Exchanges Have a Role to Play in Sustainability

    Ed Tilly: All Exchanges Have a Role to Play in Sustainability

    Ed Tilly speaks at the Sustainable Stock Exchanges Initiative 10 Year Anniversary Event. When we talk about how we define markets at Cboe, we’re not just talking about our innovative products or insightful benchmarks. We’re also talking about how we conduct ourselves and our business. How we strive to be a role model, not just in world class technology, customer service and leadership, but also in how we evolve and take thoughtful steps toward the future. As an observer of the Sustainable[...]

  • Sep 12, 2019, 4:57 PM

    How to Leverage Social Media to Your Advantage

    How to Leverage Social Media to Your Advantage

    As presidential candidates prepare to take the debate stage again tonight, we’re almost certain social media will be a buzz with “hot takes,” praise, criticism and conversation.  We’ve seen how the president’s Tweets can impact our markets, but he’s not the only influential person using Twitter. Cboe realized the influence social media can have on our world and launched a social media-based strategy benchmark indexes to track it in 2016—a pivotal year[...]

  • Sep 12, 2019, 9:49 AM

    That's a Wrap! Cboe RMC Europe Day 3 in Photos

    That's a Wrap! Cboe RMC Europe Day 3 in Photos

    The final day of Cboe RMC Europe started with a presentation from Hitendra Varsani, executive director of index research at MSCI, about the globalization of portfolio allocations. Varsani discussed the decline of size and home bias, as well as the rise of multi-currency futures to help mitigate currency risk. He also focused on the increase in trading of Cboe MSCI Emerging Markets Index options and the new emerging market and EAFE buywrite and putwrite benchmark indexes. The presentations that followed[...]

  • Sep 10, 2019, 4:19 PM

    Cboe RMC Europe: Day Two in Munich

    Cboe RMC Europe: Day Two in Munich

    Ed Tilly, Chairman, President and CEO of Cboe Global Markets, opened day two of Cboe RMC Europe with an update on the volatility market and Cboe’s products. Tilly introduced the conference keynote speaker, who discussed Brexit and its implications. Attendees then turned their attention to a panel discussion about equity volatility trading with representatives from Societe Generale, Legal & General Investment Management, Aviva Investors and Fulcrum Asset Management. The panelists discussed[...]

  • Sep 9, 2019, 5:22 PM

    Cboe RMC Europe Day One Recap

    Cboe RMC Europe Day One Recap

    RMC Europe is in full swing at the beautiful Andaz Munich hotel! Follow us on Twitter and LinkedIn for more updates from Munich. What’s Cboe RMC Without Some Volatility Talk? Tim Edwards, managing director of Index Strategy for S&P Dow Jones Indices, kicked off the conference with a talk about volatility benchmarks, including the Cboe Volatility Index (VIX Index) and Cboe Skew Indexes. Edwards discussed what these indexes may tell investors about market expectations for day-to-day volatility,[...]

  • Aug 12, 2019, 12:42 PM

    Worth Reading: Cboe’s Chief Policy Officer On the Dangers of the Current Exposure Method (via IFLR)

    Worth Reading: Cboe’s Chief Policy Officer On the Dangers of the Current Exposure Method (via IFLR)

    In a recent article for International Financial Law Review, Cboe’s Chief Policy Officer, Angelo Evangelou, detailed why the Current Exposure Method (CEM) – a methodology created to determine capital requirements for counterparty credit risk to derivatives in the U.S. – is harming liquidity provision in the options market. Angelo explains that because of CEM, banks in the options clearing business are unnecessarily incurring capital charges and makes the case for change. In the piece,[...]

  • Jul 26, 2019, 8:28 AM

    Fact | Exchanges Want to Give Public Investors a Fair Shot

    Fact | Exchanges Want to Give Public Investors a Fair Shot

    Cboe opposes the SEC’s Transaction Fee Pilot because we want to protect public investors from the harm it will cause. Bryan Harkins, Executive Vice President, Co-Head Markets at Cboe Global Markets, offers a counterargument to the opinion piece, “The SEC Wants to Give Public Investors a Fair Shot.” A recent Wall Street Journal opinion piece authored by Professor Larry Harris of the University of Southern California attempts to make the case for the U.S. Securities and Exchange[...]

  • Jul 10, 2019, 4:22 PM

    Inside Volatility Trading: July 10, 2019

    Inside Volatility Trading: July 10, 2019

    Insights with Kevin Davitt Cboe’s VVIXSM Index, which is an indicator of the expected volatility of the 30-day forward price of the Cboe Volatility Index (the VIX® Index), has garnered considerable attention in recent days. On Tuesday, July 2, the implied volatility of VIX options as measured by the VVIX fell below 76 for the first time since late February of 2019. For those unfamiliar, the VIX Index uses strips of S&P 500® Index (SPX) options to calculate a dynamic forward-looking[...]

  • Jun 11, 2019, 2:07 PM

    Inside Volatility Trading: June 11, 2019

    Inside Volatility Trading: June 11, 2019

    Stocks, Bonds and Volatility All Rise With Market Uncertainty Source: Yahoo! Finance A confluence of conflicting market news around tariffs, Fed action, and the weekly jobs report sent stocks, bonds and volatility all higher on Friday, June 7. It’s very uncommon for all three to rise at the same time. In fact, Friday, June 7 was only the third time in the last 10 years when volatility (as measured by VIX Index) rose on the same day that the S&P 500 was up more than 1% and bonds (as measured[...]

  • Jun 7, 2019, 4:18 PM

    Cboe Celebrates Medal of Honor Recipients with Opening Bell-Ringing Ceremony

    Cboe Celebrates Medal of Honor Recipients with Opening Bell-Ringing Ceremony

    Congressional Medal of Honor recipients and representatives from the Congressional Medal of Honor Foundation joined Cboe on Friday, June 7, for a special opening bell-ringing ceremony. Now in its 20th year, the Congressional Medal of Honor Foundation preserves the legacy of the Medal of Honor and supports the Congressional Medal of Honor Society and Medal of Honor recipients. The Medal of Honor is the highest award for valor that can be bestowed upon an individual serving in the Armed Forces. From[...]

  • May 28, 2019, 2:17 PM

    Inside Volatility Trading: May 28, 2019

    Inside Volatility Trading: May 28, 2019

    Hedge Funds Continue Building Short VIX® Positions While Retail Goes Long Sources: www.cftc.gov and Bloomberg In May, net leveraged money in VIX futures—assets predominantly managed by hedge funds—hit record short positions for 2019, while assets in global long VIX exchange-traded products—products predominantly owned by retail investors—continued to gather assets. VOLATILITY NEWS CNBC: Hedge Funds Bet the Sell-off is Over: 'Correction has Run its Course' [...]

  • May 24, 2019, 12:17 PM

    Cboe Analyst Wins Big at J.P. Morgan Corporate Challenge

    Cboe Analyst Wins Big at J.P. Morgan Corporate Challenge

    Quantitative analyst by day, Olympic-qualifying runner by night (or non-working hours, that is). Brett recently won the J.P. Morgan Challenge in Chicago, finishing the 3.5 mile race in 17 minutes and 26 seconds.  We chatted with Brett about his running career and the upcoming Olympic trials. Running has become a way of life for Brett Lustgarten, who started racing with his middle school cross country and track teams. He stuck with the sport through high school and at the University of Illinois,[...]

  • May 22, 2019, 9:54 AM

    Meet the Man Supporting Cboe Women

    Meet the Man Supporting Cboe Women

    Brian Schell was recently recognized by the Security Traders Association Women in Finance for his commitment to gender diversity and inclusivity with the Ken Heath Award. Brian joined his fellow award recipients to discuss the importance of gender diversity in the workplace. As Cboe’s Executive Sponsor of Diversity Initiatives, Brian works to support women in finance as he strives to continue Ken’s legacy. Growing up in a family of accountants, Brian Schell, Cboe’s CFO, imagined[...]