The Chicago Board Options Exchange will extend its VIX futures trading hours in September as the first of a two-phase process begins to allow for more trading of the instruments in the US and Europe.
In late September, CBOE Futures Exchange will expand trading hours in its volatility index VIX by adding a 45-minute trading session that will commence 15 minutes after the current and only session, which runs 7am central time (CT) to 3.15pm CT.
The additional trading session will be classified as the next day, and the move is designed to meet demand from US customers for a post-settlement trading period. The session will run from Monday through Thursday and the new session is subject to final regulatory approval.
The second phase of CBOE’s plan to extend trading hours will greatly expand trading hours for European-based firms to trade VIX futures throughout their normal trading day.
Trading will begin at 2am CT, or 8am London time, and will be available Monday through Friday.
This means VIX futures trading hours will run from 2am CT through 3.15pm CT with an additional 45-minute session from 3.30pm to 4.15pm CT.