FOR IMMEDIATE RELEASE
CBOE Futures Exchange (CFE) Successfully Launches Today - Volume In VIX Futures Is Robust
Chicago, March 26, 2004 - The CBOE Futures Exchange, LLC (CFE) announced that volume today, the first day of trading, was robust, with 449 contracts changing hands. CFE is a new, all-electronic, futures exchange offering futures on the CBOE Volatility Index (VIX).
VIX futures (ticker symbol VX) are based on the CBOE Volatility Index, which was first introduced in 1993 and quickly became the benchmark index of market sentiment. Derived from real-time S&P 500 Index option prices, VIX is designed to reflect investors' consensus view of expected stock market volatility over the next 30 days.
CFE, a wholly-owned subsidiary of Chicago Board Options Exchange, Incorporated, is a new, all-electronic exchange, using CBOEdirect as the trading platform. CFE trades are cleared by the triple-A rated Options Clearing Corporation (OCC). More information on CFE and VIX futures, including contract specifications, can be found at http://www.cboe.com/VIX or http://www.cboe.com/CFE.
CBOE, regulated by the Securities and Exchange Commission (SEC), is the creator of listed options, and the world's largest options marketplace. For additional information about the CBOE and its products, access the CBOE website at http://www.cboe.com/.
thinkorswim trade w/ advanced trading tools. Open an account and get up to $600!
Get real-time option chains & test new positions with TradeStation. Learn more.
Trade free for 60 days on thinkorswim from TD Ameritrade.
Save 20% on commissions through December 2016. Open a TradeStation account today!
OptionsHouse #1 Web-Based Platform in StockBrokers.com 2016 Review
Trade on our top-rated Trading Platform. Sign up at OptionsHouse today
Open & fund an OptionsHouse account to get up to $1,000 in trades
Trade options $4.95 + $0.50/contract on OptionsHouse's powerful platform