Chris Concannon, President and COO of CBOE Holdings offered a company update at CBOE’s Risk Management Conference today in London.
He started off noting that it has been just over a year since the CBOE-Bats deal was announced and six months since the close of the deal. Significant progress has been made in the integration of the two companies. Specific for European traders, Chris noted that liquidity and volume is strong for SPX options as well as VIX options and futures during the extended hours trading session. August was an especially good month for CBOE with volume records being set in VIX options and futures across several metrics. Chris announced that CBOE has plans to develop options on ten S&P Select Sector Indices which will be available for trading pending regulatory approval. Finally, Chris noted CBOE continues to be committed to expanding the options and volatility marketplace through investor education.