CHICAGO, Sept. 23, 2011 /PRNewswire/ -- CBOE Futures Exchange, LLC (CFE) today announced that beginning on Monday, September 26, the CBOE Volatility Index (VIX) futures contract opening time moves to 7:00 a.m. from 7:20 a.m., pending regulatory approval. The 3:15 p.m. closing time for VIX futures remains unchanged.
The earlier opening offers market participants more time to establish or offset VIX futures positions surrounding potential market-moving events — overnight news, banking actions or key economic reports — before the general market opens.
CFE first established extended trading hours for VIX futures in December 2010 when the opening time moved to 7:20 a.m. from 8:30 a.m. (Chicago time).
The 7:00 a.m. opening time applies to VIX futures only. All other CFE products maintain current trading hours — 8:30 a.m. to 3:15 p.m. (Chicago time). For more information on new extended trading hours, see CFE Information Circular CFEIC11-053 at http://cfe.cboe.com/aboutcfe/infocirc.aspx.
CFE currently offers five different contracts: CBOE Volatility Index (VIX) futures, Mini VIX (VM) futures, CBOE Gold ETF Volatility Index futures (GVZ), CBOE S&P 500 3-Month Variance futures (VT) and Weekly Options on Mini VIX futures (VOW).
CFE, a wholly owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE), offers an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE trades are cleared by the OCC. CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).
More information on CFE and its products, including contract specifications, can be found at: http://cfe.cboe.com/
CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures Exchange(SM), GVZ(SM), VOW(SM) and Weeklys(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.
SOURCE CBOE Futures Exchange, LLC