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Chicago Board Options Exchange, Incorporated® (CBOE®) today announced that it has expanded the frequency for disseminating values on its recently created CBOE Short-term Volatility IndexSM (VXSTSM index). VXST index values now are generally disseminated every 15 seconds during the
Short-term VIX index values are available on CBOE's website at www.cboe.com/VXST and through quote data vendors.
CBOE began disseminating values on the Short-term VIX index on October 1. Like CBOE's flagship CBOE Volatility Index® (VIX® index), the Short-term VIX index reflects investors' consensus view of expected stock market volatility. Whereas VIX has a 30-day horizon, the Short-term VIX looks out just nine days, making it particularly responsive to changes in short-term volatility triggered by market events, such as earnings, government reports and Fed announcements.
Plans call for CBOE and CBOE Futures Exchange, LLC (CFE®) to introduce Short-term VIX WeeklysSM options and futures in the first quarter of 2014, pending regulatory approval.
A complete overview of the VXST Index can be found at www.cboe.com/VXST. Additional information on all of CBOE's volatility products can be found atwww.cboe.com/Volatility.
CBOE is the home of volatility trading. An innovator in the volatility space and leading creator of measures that track market volatility, CBOE currently publishes data on more than two dozen volatility-related benchmarks and strategies, including indexes that track broad-based indexes, sector and commodity-related ETFs, individual equities and others. Additional information on CBOE's volatility products can be found at www.cboe.com/Volatility.
