Cboe to Re-Open Floor Trading of VIX Options on Wednesday

Rhea-AI Summary

Cboe Global Markets announced the reopening of the VIX trading pit on December 28, 2022, after temporary closure due to water damage from a burst pipe. The VIX and VIXW options will be available for both electronic and open outcry trading. The relocation of the VIX trading pit is a necessary measure while repairs are conducted. Other trading products on the Cboe floor remain unaffected and operational. This reopening reflects Cboe's commitment to maintaining a robust trading environment amid unforeseen circumstances.

Positive

• None.

Negative

• Temporary closure of the VIX trading pit due to water damage.
• Initial trading was limited to electronic-only mode, impacting trading volume.

• Cboe Volatility Index Options (VIX) Trading Pit Relocated to Alternate Space on Trading Floor
• VIX and VIXW Options Available for Both Electronic and Open Outcry Trading Beginning Wednesday
• VIX Trading Pit Sustained Water Damage from Burst Pipe Above Trading Floor
• Cboe Trading Floor Remains Open and Available for All Other Cboe Options Exchange Products

CHICAGO, Dec. 27, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, announced that it will re-open floor trading of options on the Cboe Volatility Index (VIX) on Wednesday, December 28.  

On Tuesday, the VIX trading pit on the Cboe trading floor was temporarily closed for the day as a result of water damage sustained from a burst pipe above the trading floor. VIX and VIXW options were traded in electronic-only mode while open outcry trading was unavailable.

VIX and VIXW options will be available for both electronic and open outcry trading beginning Wednesday. To resume floor trading, the VIX trading pit is being temporarily relocated to an alternate space on the Cboe trading floor while repairs to the damaged trading pit will be made.  

All other products and areas of the Cboe trading floor, including the S&P 500 Index (SPX and SPXW), Russell 2000 Index (RUT), SPDR ETF (SPY), and all equity options trading crowd spaces have not been impacted and continue to be available for both their regular electronic and open outcry trading. The Cboe Options Exchange is a hybrid market combining open outcry floor trading with electronic trading.

For additional information and updates, please refer to Cboe Options Exchange System Status Notices on the Cboe website.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.

Media Contacts				Analyst Contact
Angela Tu	Tim Cave				Kenneth Hill, CFA
+1-646-856-8734	+44 (0) 7593-506-719				+1-312-786-7559
atu@cboe.com	tcave@cboe.com				khill@cboe.com

CBOE-OE

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, VIX® and XSP® are registered trademarks and Cboe Futures Exchange^SM is a service mark of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, SPX®, and S&P 500®  are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.

FAQ

When will CBOE reopen the VIX trading pit?

The VIX trading pit is set to reopen on December 28, 2022.

What caused the temporary closure of the VIX trading pit?

The closure was due to water damage from a burst pipe above the trading floor.

Are VIX and VIXW options available for trading?

Yes, both VIX and VIXW options will be available for electronic and open outcry trading starting December 28.

Is the CBOE trading floor open for other products?

Yes, all other Cboe options exchange products are available for trading as usual.