10.21.13 CHICAGO | CBOE Futures Exchange extends VIX futures trading hours

XFA’s 24 Hour Futures Desk is fully functioning and able to accommodate the extended VIX futures trading hours.  To reach XFA’s  24 Hour Futures Desk please call 312-347-4900.


The CBOE will launch the new trading hours in two phases.


Phase I

The first phase of the extended trading hours initiative is designed to respond to demand from both U.S. and European customers for a post-settlement trading period by adding a 45-minute trading period to the current trading hours for VIX futures (7:00 a.m. to 3:15 p.m. Chicago time).


Fifteen minutes after the 3:15 p.m. (Chicago time) close of VIX futures, the market will reopen for a new trading period from 3:30 p.m. to 4:15 p.m. (Chicago time). Trading will then resume at 7:00 a.m. (Chicago time) the following morning.


The new 45-minute period, which marks the beginning of the next trading day, will be available from Monday through Thursday.


Phase II

The second phase of the extended trading hours initiative will benefit U.S. and European customers who are seeking longer hours for trading in VIX futures. European-based customers will have the opportunity to trade VIX futures during their local trading hours by beginning the current trading session five hours earlier than its current opening time of 7:00 a.m. (Chicago time).


With both extended trading periods in place, VIX futures trading hours will run from 2:00 a.m. through 3:15 p.m. (Chicago time), Monday through Friday, with the 3:30 p.m. to 4:15 p.m. (Chicago time) trading period available Monday through Thursday.


No trading is scheduled on Saturdays and Sundays in either of the phases.


Trading will begin at 2:00 a.m. (Chicago time) (8:00 a.m. GMT).


The new five-hour period, which precedes the current trading hours, will be available from Monday through Friday.


For more information and to view the CBOE press release please visit www.cboe.com.


For information about XFA’s 24 Hour Futures Desk, please contact Pete Scheffler at 312-347-4900.