CHICAGO, April 17, 2018 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's
largest exchange holding companies, today announced the launch of
up-to-the-minute market estimates of one-year volatility, the Cboe
One-Year Volatility Index (ticker: VIX1Y), calculated by using
real-time prices of options in the S&P 500® Index
(SPXSM).
"The introduction of VIX1Y will give traders the ability to
track the relative movements of one-month and one-year expected
volatility," said Michael Mollet,
Director of Product Development for Cboe Global Markets. "We also
expect the one-year index to be a useful tool to monitor the
market's expectations for longer-term volatility for investors with
longer-duration liabilities, such as insurance companies and
pension funds."
The dissemination of the long-term One-Year VIX Index, which is
calculated based on the VIX Index methodology, comes during Cboe's
month-long celebration of the 25th anniversary of the
Cboe Volatility Index® (VIX® Index). The original VIX Index, which
Cboe began publishing in April 1993,
measures the 30-day expected volatility of the S&P 500
Index. Cboe is exploring the development of a futures contract
on the Cboe One-Year Volatility Index, which would be subject to
regulatory review.
The VIX1Y uses SPX options on the March expiration cycle that
reference most closely a 366-day maturity, then weights them to
yield a constant measure of volatility in the S&P 500 Index
over the period of approximately one year.
For information on VIX options and VIX futures, please see
http://www.cboe.com/vix/. Follow the 25-year VIX anniversary
celebration at #VIX25 on Twitter and at www.cboe.com/blogs/vix.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) is one of
the world's largest exchange holding companies, offering
cutting-edge trading and investment solutions to investors around
the world. The company is committed to relentless innovation,
connecting global markets with world-class technology, and
providing seamless solutions that enhance the customer
experience.
Cboe offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and multi-asset volatility products based on
the Cboe Volatility Index (VIX Index), the world's barometer for
equity market volatility.
Cboe's trading venues include the largest options exchange in
the U.S. and the largest stock exchange by value traded in
Europe. In addition, the company
is the second-largest stock exchange operator in the U.S. and a
leading market globally for ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New
York, London, San Francisco, Singapore, Hong
Kong and Quito,
Ecuador. For more information, visit www.cboe.com.
Media
Contacts
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Analyst
Contact
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Suzanne
Cosgrove
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Hannah
Randall
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Stacie
Fleming
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Debbie
Koopman
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+1-312-786-7123
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+1-646-856-8809
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+44-20-7012-8950
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+1-312-786-7136
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cosgrove@cboe.com
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hrandall@cboe.com
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sfleming@cboe.com
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koopman@cboe.com
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CBOE-C
CBOE-OE
Cboe®, Cboe Volatility Index® and VIX® are registered
trademarks and Cboe Global MarketsSM and
SPXSM are service marks of Cboe Exchange,
Inc. S&P 500® is a trademark of Standard & Poor's
Financial Services, LLC. Any products that have the S&P Index
or Indexes as their underlying interest are not sponsored,
endorsed, sold or promoted by Standard & Poor's or Cboe and
neither Standard & Poor's nor Cboe make any representations or
recommendations concerning the advisability of investing in
products that have S&P indexes as their underlying interests.
All other trademarks and service marks are the property of their
respective owners.
Forward-Looking Statements
Certain information contained in
this news release may constitute
forward-looking statements. We caution
readers not to place undue reliance on any
forward-looking statements, which speak only as of the date made
and are subject to a number of risks and uncertainties.
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SOURCE Cboe Global Markets, Inc.