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The Chicago Board Options Exchange® (CBOE®) announced it received two honors at the EQDerivatives Global Equity & Volatility Derivatives Awards last night in New York City -- “U.S. Exchange of the Year” and “Listed Product Launch of the Year” for CBOE Volatility Index® (VIX® Index) Weeklys futures and options.
The Global Equity & Volatility Derivatives Award recognizes exchanges, index providers, brokerage firms and other financial technology participants for their “outstanding performance in the global equity derivatives market over the last year.” The awards were based on the results of EQDerivatives’ buyside Market Mapping research and market intelligence collected from industry participants between October 2014 and October 2015.
In receiving the “U.S. Exchange of the Year” award, CBOE was recognized by industry participants for innovation in new product development. The exchange was also cited for its continued leadership in investor education and the high marks it received for customer service.
The “Listed Product Launch of the Year” award recognized CBOE for the launch of VIX Weeklys futures and options contracts, which launched in July and October of 2015, respectively. VIX Weeklys complement standard VIX options and futures, and by “filling the gaps” between monthly expirations, provide investors with new opportunities to establish short-term VIX positions and offer greater precision in fine-tuning the timing of hedging and trading activities.
As a leader in options and volatility product innovation, trading technology and investor education, CBOE has consistently received industry awards over the past decade, totaling nearly three dozen in areas such as leadership and new product and technology development.
To see the complete list of winners from the EQDerivatives Global Equity and Volatility Derivatives Awards 2016, please visit http://eqderivatives.com/awards.
