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CBOE Futures Exchange plans extended trading hours

April 5, 2013 at 12:00 pm

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CBOE Futures Exchange plans to expand CBOE Volatility Index (VIX index) futures trading hours – currently 7:00 am CT to 3:15 pm CT – in two phases, beginning in May.

The first phase of expanded trading hours is designed to meet demand from US customers for a post-settlement trading period. The second phase will allow European-based customers to trade VIX futures during their local trading hours.

Phase one – Beginning 30 May 2013

• Current VIX futures trading hours will expand by 45 minutes.

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

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

Phase two – Beginning 17 June 2013

• VIX futures trading hours will expand by an additional five hours, with trading starting at 2:00 a.m. CT (8:00 a.m. London time), Monday through Friday.

• As in Phase one, the 3:30 p.m. CT - 4:15 p.m. CT trading period will be available Monday through Thursday only.

No trading is scheduled on Saturdays and Sundays.

The changes are subject to regulatory review.