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The International Securities Exchange (ISE) today announced that it is the first options exchange to enter into a licensing agreement with NationsShares®, a leading developer of option-enhanced and option-based indexes, to list options on the Nations VolDex® index (ticker: VOLI). The Nations VolDex measures broad market implied volatility by way of at-the-money SPY options.
“Working with NationsShares is an exciting opportunity for ISE to build upon our established presence in index-based product development,” said Kris Monaco, Head of ISE ETF Ventures. “The Nations VolDex will provide market participants with a unique methodology, partly because it uses physically deliverable SPY options, which is different from other available implied volatility measures.”
Scott Nations, Founder and CIO of NationsShares said, “We are thrilled to join with ISE to bring VolDex to those users who need a new measure of implied volatility. VolDex measures implied volatility the way investors and options users do, by focusing on at-the-money options. ISE is a world-class exchange with a robust product development business, and we're proud to work with them to list options on VolDex. We also hope to expand licensing opportunities for VolDex beyond ISE, ensuring broad adoption of the unique VolDex methodology for implied volatility.”
In addition to its licensing agreement with ISE, NationsShares will evaluate opportunities to license the index as the basis for other exchange-traded products, including options, futures and ETFs.
ISE has filed proposed rules with the SEC for listing options on the Nations VolDex.
For more information about the Nations VolDex index, visit www.ise.com/voldex. To learn more about NationsShares, visit www.nations.com.
