CBOE to Begin Disseminating Two New Volatility Benchmarks Based on CME Group Corn and Soybean Options Prices

CHICAGO, June 2, 2011 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) announced today that on Monday, June 6, CBOE will begin disseminating data for CME Group on two new volatility indexes based on CBOT corn and soybean options prices.  The new volatility indexes will be calculated using proprietary CBOE Volatility Index® (VIX®)) methodology.  

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The CBOE/CBOT Corn Volatility Index (Ticker - CIV) and CBOE/CBOT Soybean Volatility Index (Ticker - SIV) follow two other CME Group volatility indexes that CBOE began calculating for CME Group in September 2010 -- the CBOE/NYMEX WTI Volatility Index (Ticker - OIV) and the CBOE/COMEX Gold Volatility Index (Ticker - GVX).

In March 2010, CBOE entered into a license agreement with CME Group that grants CME Group a worldwide license to trade futures and options on agreed-upon futures products based on indexes calculated by CBOE. CBOE retains ownership of the resulting volatility indexes used by CME Group.

CBOE, through its partnership with Standard and Poor's, has license agreements allowing other exchanges and companies – including Euronext, Taiwan Futures Exchange, National Stock Exchange of India, the Australian Stock Exchange, TMX Group, Inc., and Hang Seng Indexes Company  -- to use the VIX methodology.

CBOE, the leading exchange in the volatility space and the home of volatility benchmarks, strategies and products, now calculates and disseminates more than a dozen different volatility-related products, including the widely followed VIX, the leading barometer of investor sentiment and stock market volatility.  In addition to its suite of benchmarks and strategies, volatility options and futures contracts on VIX can be traded on CBOE and CBOE Futures Exchange, respectively.

CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (VIX). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading and is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the C2 Options Exchange (C2), CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and www.cboe.com, named "Best of the Web" for options information and education.

CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the AAA-rated OCC.

CBOE®, Chicago Board Options Exchange®, CBSX®, CBOE Stock Exchange®, CFE®, CBOEdirect®, FLEX®, Hybrid®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWrite(SM), BXM(SM), SPX(SM), C2(SM), C2 Options Exchange(SM), CBOE Futures Exchange(SM) and The Options Institute(SM) are servicemarks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC. and have been licensed for use by CBOE.   All other trademarks and servicemarks are the property of their respective owners.

CBOE-OE    

SOURCE CBOE