CHICAGO, June 2, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced it will publish volatility indexes for CBOT Corn and
Soybeans beginning Monday, June 6.
CME Group currently publishes and disseminates the CBOE/NYMEX WTI
Crude Oil Volatility Index (OIV) and the CBOE/COMEX Gold Volatility
Index (GVX). The CME volatility index calculations are performed by
the Chicago Board Options Exchange
(CBOE) based on the methodology developed for the CBOE Volatility
Index®, or VIX®. CBOT Corn and Soybean futures and options
contracts are listed with, and subject to, the rules and
regulations of CBOT.
"Growing global demand for food and tight supplies in the
physical grain markets have led to increased volatility in corn and
soybeans this year," said Tim
Andriesen, Managing Director, Agricultural Commodities and
Alternative Investments, CME Group. "By making volatility index
data available for CBOT Corn and Soybeans, we're providing our
customers with an effective tool to help them monitor volatility in
the agricultural commodities markets."
The indexes use CBOT's real-time options market bid/ask quotes
on CME Globex® as inputs and will offer direct, effective ways to
measure market expectations of near-term, implied price volatility
of the underlying assets. Corn VIX and Soybean VIX data will
measure expected implied volatility over the next 30-day period,
providing market participants with a direct way to track volatility
in the underlying assets.
The CBOE/CBOT Corn Volatility Index and CBOE/CBOT Soybean
Volatility Index are being created under a seven-year licensing
agreement with CBOE, which gives CME Group worldwide rights to
disseminate values on volatility indexes on a variety of asset
classes.
Beginning Monday, June 6, these
new volatility index values will be available on
www.cmegroup.com/vix and via the CME Group quote vendor
systems.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform and its trading
facilities in New York and
Chicago. CME Group also
operates CME Clearing, one of the world's leading central
counterparty clearing providers, which offers clearing and
settlement services for exchange-traded contracts, as well as for
over-the-counter derivatives transactions through CME ClearPort®.
These products and services ensure that businesses everywhere
can substantially mitigate counterparty credit risk in both listed
and over-the-counter derivatives markets.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners.
CBOE®, Chicago Board Options
Exchange®, CBOE Volatility Index® and VIX® are registered
trademarks of Chicago Board
Options Exchange, Incorporated.
CME-G
SOURCE CME Group