Article by: Izabella Kaminska
Published by: Financial Times
Date: 24 Feb 2012
“It’s official – volatility is back. The Vix index, which is derived from the value of S&P 500 options, posted its biggest two-day increase in nine months on Wednesday following a sharp fall in S&P 500 equities.
“All of which is good news for the CBOE, the keeper of the Vix futures contract.
“The product is viewed by the option specialist as one of its key growth areas, contributing to the bulk of the group’s performance over the past year.
“What is interesting though is that the biggest increase in Vix futures volumes happened over the course of last year when volatility was largely low.”
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