Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

CFE Extends VIX Futures Opening Time To 7 AM (CT) Starting September 26

Date 23/09/2011

CBOE Futures Exchange, LLC (CFE) today announced that beginning on Monday, September 26, the CBOE Volatility Index (VIX) futures contract opening time moves to 7:00 a.m. from 7:20 a.m., pending regulatory approval. The 3:15 p.m. closing time for VIX futures remains unchanged.

The earlier opening offers market participants more time to establish or offset VIX futures positions surrounding potential market-moving events — overnight news, banking actions or key economic reports —   before the general market opens.

CFE first established extended trading hours for VIX futures in December 2010 when the opening time moved to 7:20 a.m. from 8:30 a.m.(Chicago time).

The 7:00 a.m. opening time applies to VIX futures only. All other CFE products maintain current trading hours — 8:30 a.m. to 3:15 p.m. (Chicagotime).  For more information on new extended trading hours, see CFE Information Circular CFEIC11-053 at http://cfe.cboe.com/aboutcfe/infocirc.aspx.

CFE currently offers five different contracts:  CBOE Volatility Index (VIX) futures, Mini VIX (VM) futures, CBOE Gold ETF Volatility Index futures (GVZ), CBOE S&P 500 3-Month Variance futures (VT) and Weekly Options on Mini VIX futures (VOW).