VolX Exchange in the News

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Five Minutes with Robert P. Krause, chairman and CEO, VolX

From JLN FX, A John Lothian Newsletter/Blog

One month ago, JLN FX ran a feature on FX VolContract futures, just prior to the initial launch of 1- and 3-month realized volatility contracts based on CME Group’s Euro Currency futures. As the first such contract cycle — March 2011 1-month EUR/USD — expired this past Friday, we thought it would be a good time to follow up with VolX chairman and CEO Robert Krause, creator and patent-holder of VolContract futures. Contributing Editor Douglas Ashburn spoke with Krause about how the contracts are going, who is making markets on them and what is next for VolX. Interview ...

CME Group To Introduce Forex Volatility Market Contracts Next Week

By Jacob Bunge, Of DOW JONES NEWSWIRES

CHICAGO, Feb 3, 2011 — CME Group Inc. (CME) will introduce a new slate of futures contracts next week designed to allow investors to shield foreign exchange holdings against turmoil in global currency markets.

The planned FX VolContract futures are linked to realized volatility in key currency pairs, and the first futures introduced on CME's electronic markets will be centered on the euro/U.S. dollar pairing. (Full article available at WSJ Online.)

VolX Exchange Preps Exchange Filing, Contract Launch

Wall Street Letter, Jan 14, 2011 — The Volatility Exchange (VolX), which will offer trading in futures contracts targeting realized volatility, is preparing documentation to apply for derivatives contract market status. The work is happening in conjunction with the scheduled launch of its first contracts next month, which will be available on the CME Group’s Globex trading system.

The concept is a play on the volatility trading that has become prevalent in the options and futures market following the calculation and dissemination of the Chicago Board Options Exchange’s Market Volatility Index (VIX) and the launch of contracts based on that index. The VIX measures implied volatility of the Standard & Poor’s 500 Index options. Robert Krause, CEO of VolX exchange, said his exchange’s VolContract futures can measure implied volatility as well as realized volatility on any underlying asset. Full article (subscription required) ...

Options Insider Radio 77: Real Volatility Interview

In this episode, Options Insider Radio Host Mark Longo is joined by Robert Krause, CEO, The Volatility Exchange. Mark and Robert discuss the methodology and psychology behind the new realized volatility contracts from VolX. With the VIX obsession reaching a fever pitch, is there room for a realized volatility product in the marketplace? How will VolX overcome the initial stumbling blocks for new proprietary products and attract liquidity providers? Why did VolX decide to launch its first listed contracts on CME currency futures? What else is on the horizon for VolX? Tune in to find out. Listen to interview ...