CBOE Set To Expand VIX And SPX Options Trading Hours In Early March

CHICAGO, Feb. 6, 2015 /PRNewswire/ -- The Chicago Board Options Exchange^® (CBOE^®) announced today that it will expand trading hours for both CBOE Volatility Index^® (VIX^® Index) options and S&P 500 Index (SPX) options, adding more than six hours of additional trading five days a week. The extended hours for VIX options are set to begin Monday, March 2, while the extended hours for SPX options are expected to start on Monday, March 9.

The expanded trading hours for VIX and SPX options at CBOE will run Monday through Friday, beginning each day at 2:00 a.m. CT and ending at 8:15 a.m. CT.  The 2:00 a.m. CT start in Chicago syncs with the 8:00 a.m. open of trading in London.   

"Following the successful rollout of extended trading hours for VIX futures, we look forward to expanding trading for both SPX and VIX options by more than six hours a day," CBOE Holdings CEO Edward T. Tilly said.  "Overseas investors continue to embrace SPX and VIX options as a means to efficiently gain exposure to the U.S. market and equity market volatility, respectively.  We're pleased to provide a growing worldwide customer base with greater access for trading these key products."

Over the last several years, CBOE Futures Exchange (CFE^®) lengthened its extended trading hours in VIX futures to accommodate customer requests for longer trading sessions outside of regular U.S. trading hours.  Most recently, in June of 2014, trading in VIX futures was expanded to nearly 24 hours a day, five days a week.  In 2014, approximately 4.3 million VIX futures contracts traded during non-U.S. trading hours, representing nearly nine percent of CFE's total volume. 

For additional information regarding VIX and SPX options extended trading hours, refer to www.cboe.com/ETH.   

About CBOE Holdings, Inc.
CBOE Holdings, Inc. CBOE is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries.  CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, Weeklys options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources. 

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CBOE^®, Chicago Board Options Exchange^®, CFE^®, Execute Success^®, FLEX^®, LEAPS^®, CBOE Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM, BXM^SM, CBOE Futures Exchange^SM, The Options Institute^SM and Weeklys^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. All other trademarks and service marks are the property of their respective owners.

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SOURCE CBOE Holdings, Inc.