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.
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.