CBOE Futures Exchange's Expanded Trading Hours Initiative To Begin In Late September

CBOE Futures Exchange, LLC (CFE^®) today announced that the first phase of its previously announced plans to expand CBOE Volatility Index^® (VIX^® index) futures trading hours will begin in late September, with the second phase to begin in the weeks that follow. Phase I The first phase of the expanded trading hours initiative is designed to meet demand from U.S. customers for a post-settlement trading period by adding a 45-minute trading session to the current trading hours for VIX futures (7:00 a.m. CT to 3:15 p.m. CT). o Fifteen minutes after the 3:15 p.m. CT close of VIX futures, the market will reopen for a new trading period from 3:30 p.m. CT to 4:15 p.m. CT. Trading will then resume at 7:00 a.m. CT the following morning. o The new 45-minute period, which marks the beginning of the next trading day, will be available from Monday through Thursday. Phase II The second phase of the expanded trading hours initiative will allow European-based customers to trade VIX futures during their local trading hours by beginning the current trading session five hours earlier than its current opening time of 7:00 a.m. CT. o Trading will begin at 2:00 a.m. CT (8:00 a.m. London time). o The new five-hour period, which precedes the current trading hours, will be available from Monday through Friday. With both expanded trading periods in place, VIX futures trading hours will run from 2:00 a.m. CT through 3:15 p.m. CT, Monday through Friday, with the 3:30 p.m. CT to 4:15 p.m. CT session available Monday through Thursday.   No trading is scheduled on Saturdays and Sundays in either of the phases. The changes are subject to regulatory review. On February 1, CFE opened a communications hub outside of London to further expand VIX futures trading from Europe. The Hub, which connects the Equinix facility in Slough, England to the CBOE Command Center at the Equinix facility in New Jersey, provides European firms with an economical choice to connect to the CFE trading system.    About CBOE Futures Exchange CBOE Futures Exchange currently offers trading in: the CBOE Volatility Index (The VIX Index) futures (VX), Mini-VIX futures (VM), S&P 500 Variance futures (VA), CBOE NASDAQ-100 Volatility Index (VXN) futures (VN), CBOE Gold ETF Volatility Index (GVZ) security futures (GV), CBOE Crude Oil ETF Volatility Index (OVX) security futures (OV), CBOE Emerging Markets ETF Volatility Index (VXEEM) security futures (VXEM) and CBOE Brazil ETF Volatility Index (VXEWZ) security futures (VXEW).  CFE, a wholly-owned subsidiary of CBOE Holdings, Inc.

, offers an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE is regulated by the Commodity Futures Trading Commission (CFTC) and all trades are cleared by the OCC.  More information on CFE and its products, including contract specifications, can be found at: http://cfe.cboe.com/.    CBOE-EF CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures Exchange^SM, CBOE Nasdaq-100 Volatility Index^SM, VXN^SM, VN^SM, CBOE Brazil ETF Volatility Index^SM, VXEW^SM, VXEWZ^SM, CBOE Crude Oil ETF Volatility Index^SM, OVX^SM, OV^SM, CBOE Emerging Markets ETF Volatility Index^SM, VXEM^SM, VXEEM^SM,  CBOE Gold ETF Volatility Index^SM, GVZ^SM, GV^SM, VM^SM and VX^SM are service marks 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 and CFE. The Nasdaq-100 Index®, Nasdaq-100®, and Nasdaq® are trademark or service marks of The Nasdaq Stock Market, Inc. (with which its affiliates are the "Corporations"). These marks are licensed for use by CBOE in connection with the trading of products based on the Nasdaq-100 Index. The products have not been passed on by the Corporations as to their legality or suitability. The products are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). All other trademarks and service marks are the property of their respective owners.