CHICAGO, May 4, 2017 /PRNewswire/ -- CBOE Holdings, Inc. (CBOE) today announced it has begun trading options on the VelocityShares® 1x Long VSTOXX Futures ETN (EVIX), which are based on the VSTOXX Short-Term Futures Investable Index. The options, which began trading at Chicago Board Options Exchange (CBOE) today, are listed under the ticker symbol EVIX.
The VSTOXX Short-Term Futures Investable Index replicates the performance of a long position in a portfolio of VSTOXX futures designed to provide exposure to constant-maturity one-month forward, one-month implied volatilities on the underlying EURO STOXX 50® Index. The VSTOXX Index measures implied volatility using CBOE's VIX® methodology.
"After welcoming VelocityShares' EVIX ETNs to our Bats ETF Marketplace (http://ir.cboe.com/press-releases/2017/05-03-2017.aspx), and thereby packaging European volatility into exchange-traded products for the first time, we are now excited to offer EVIX options," said John Deters, CBOE's Chief Strategy Officer and Head of Multi-Asset Solutions. "The new options highlights how our recent acquisition of Bats Global Markets enables us to work with issuers as a one-stop-shop to develop, list, and trade ETN and ETF products. We are particularly pleased that the first options on ETNs to be offered under the combined company expand our global volatility offering."
About CBOE Holdings, Inc.
CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE), owner of the Chicago Board Options Exchange, the Bats exchanges, CBOE Futures Exchange (CFE) and other subsidiaries, is one of the world's largest exchange holding companies and a leader in providing global investors cutting-edge trading and investment solutions.
The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded funds (ETFs), and multi-asset volatility and global foreign exchange (FX) products. CBOE Holdings' 14 trading venues include the largest options exchange in the U.S. and the largest stock exchange in Europe, and the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETF trading.
CBOE Holdings is home to the CBOE Volatility Index (VIX Index), the world's barometer for equity market volatility; the CBOE Options Institute, the company's world-renowned education arm; CBOE Livevol, a leading provider of options technology, trading analytics and market data services; CBOE Vest, an asset management company specializing in target-outcome investment strategies; CBOE Risk Management Conferences (RMC), the premier financial industry forums on derivatives and volatility products; ETF.com, a leading provider of ETF news, data and analysis; and Hotspot, a leading platform for global FX trading.
The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore and Ecuador. For more information, visit www.cboe.com.
CBOE®, Chicago Board Options Exchange®, CFE®, BATS®, Livevol®, CBOE Volatility Index® and VIX® are US registered trademarks, and CBOE Futures ExchangeSM, EVIXSM, CBOE VestSM and CBOE Options InstituteSM are service marks of CBOE Holdings, Inc. and its subsidiaries. VelocityShares® is a US registered trademark of VelocityShares, LLC. Euro STOXX 50® is an EU registered trademarks of STOXX AG. All other trademarks and service marks are the property of their respective owners.
CBOE Holdings and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. You cannot invest directly in an index. This press release speaks only as of this date. We disclaim any duty to update the information herein.
Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.
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