Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded the Cboe Implied Correlation Index suite with the recent addition of eight new indices.

Market participants can now access a full suite of volatility-related indices across a range of maturities and skews to help gain a more complete view of the potential factors driving volatility in the equity markets.
 
The Cboe Implied Correlation Indices are the first widely disseminated market estimates of the average correlation of the stocks that comprise the S&P 500 Index (SPX). The benchmark indices are designed to offer insight into the relative cost of SPX options compared to the price of options on individual stocks that comprise the SPX, and help market participants to identify the potential drivers of implied volatility for the SPX and evaluate the potential implications of major macroeconomic events on market expectations.