CBOE Scopes Weekly VIX Options, FTSE VIX

Chicago Board Options Exchange is examining whether to introduce weekly options on the CBOE Volatility Index. It also has plans to develop FTSE VIX products. Ed Provost, president, told EQDerivatives at the Risk Management Conference in Carlsbad Thursday the weekly VIX settlement idea reflects the fact VXST has not met the expectations of volume the exchange had for it on launch.