CBOE Holdings, Inc. (NASDAQ: CBOE) announced it has begun trading options on the VelocityShares® 1x Long VSTOXX Futures ETN (Bats: EVIX), which are based on the VSTOXX Short-Term Futures Investable Index.
The options, which began trading at Chicago Board Options Exchange (CBOE) yesterday are listed under the ticker symbol EVIX.
The VSTOXX Short-Term Futures Investable Index replicates the performance of a long position in a portfolio of VSTOXX futures designed to provide exposure to constant-maturity one-month forward, one-month implied volatilities on the underlying EURO STOXX 50® Index. The VSTOXX Index measures implied volatility using CBOE’s VIX® methodology.
After welcoming VelocityShares’ EVIX ETNs to our Bats ETF Marketplace, and thereby packaging European volatility into exchange-traded products for the first time, we are now excited to offer EVIX options,” said John Deters, CBOE’s Chief Strategy Officer and Head of Multi-Asset Solutions. “The new options highlights how our recent acquisition of Bats Global Markets enables us to work with issuers as a one-stop-shop to develop, list, and trade ETN and ETF products. We are particularly pleased that the first options on ETNs to be offered under the combined company expand our global volatility offering.