CBOE Holdings, Inc. (NASDAQ:CBOE) Expands to London

CBOE Holdings, Inc. (NASDAQ:CBOE) Expands to London

CBOE Holdings, Inc. (NASDAQ:CBOE) Expands to London

The new office — headed by Matthew McFarland, director of global client services — will enable CBOE to increase its presence in the region and allow its business development team to more directly engage with European-based clients and potential new customers, as well as the exchange’s strategic partners.

CBOE HOLDINGS closed up 1.160 at 64.410. Volume was 55% above average (neutral) and Bollinger Bands were 48% narrower than normal.

Open High Low Close Volume___
62.670 64.580 62.670 64.410 745,830

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 63.26 63.99 65.20
Volatility: 14 19 24
Volume: 455,321 419,562 579,463

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


CBOE HOLDINGS is currently 1.2% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of CBOE.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CBOE.O and have had this outlook for the last 4 periods.

“We are pleased to establish our first international business development office in London, a key European financial center,” said Andy Lowenthal, Senior Vice President of Business Development at CBOE. “The opening of this office is the result of years of concerted and successful international outreach efforts and reflects CBOE’s increasingly global customer base. We look forward to more directly promoting our diverse suite of products, particularly our growing global index complex, to European institutional investors.”

CBOE’s London office will be located in the Leadenhall Building at 122 Leadenhall Street, London EC3V 4AB, United Kingdom.

The opening of a London office is the direct result of CBOE’s effort to expand its global reach and is expected to help CBOE build upon several recent initiatives that cater to a growing international customer base.

In March 2015, CBOE introduced extended trading hours for CBOE Volatility Index® (VIX® Index) and S&P 500® Index (SPX) options. The session, which runs from 2:00 a.m. to 8:15 a.m. CT, aligns with the market open in London, making it easier for overseas investors to access and trade CBOE’s premium products. This extended trading session for SPX and VIX options follows the successful implementation of nearly 24-hour trading in VIX futures last year.

The VIX Index is widely considered to be the world’s premier barometer of equity market volatility. In response to growing worldwide interest in VIX trading, CBOE began disseminating overnight values of the VIX Index in April 2016. Beginning at 2:15 a.m. CT, VIX Index values are now published every 15 seconds during the extended hours session. Expanded VIX Index dissemination provides real-time volatility information when news breaks overnight and allows overseas investors to reference the VIX Index during their regular trading hours.

CBOE’s highly-acclaimed Risk Management Conferences (RMC) are premier financial industry forums for institutional users of equity derivatives and volatility products. To educate new and existing international customers about the utility of CBOE’s unique and expanding product set, CBOE brought its conference to Europe in 2012. Last year’s conference drew a record number of attendees and this September, CBOE will host its fifth annual CBOE RMC Europe in Ireland (www.cboermceurope.com).

CBOE also expects that its London office will enable it to work more closely with its partners at the London Stock Exchange Group (LSEG), owner of FTSE Russell indexes, and MSCI Inc. CBOE’s recent licensing agreements with LSEG and MSCI to be the sole U.S. provider of options on major FTSE Russell and MSCI indexes have brought a significant international dimension to CBOE’s index options franchise.

Additionally, in October 2015, CBOE, LSEG and major dealer banks formed CurveGlobal, a new interest rate venue that will trade on the LSE Derivatives Market and clear through LCH.Clearnet. CurveGlobal is expected to launch in 2016 with trading in futures based on major European interest rates.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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