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MAS approves CBOE for VIX Futures

First Published 19th August 2016

CBOE Futures Exchange Receives Registered Market Operator approval in Singapore.

Chicago - CBOE Futures Exchange, has received approval from the Monetary Authority of Singapore (MAS) to be a Registered Market Operator (RMO) in Singapore. CFE can now allow professional investors, accredited investors and expert investors, as defined under Singaporean law, to become CFE Trading Privilege Holders (TPHs) and access CFE's market directly.

A growing number of market participants from outside the U.S. are trading CBOE Volatility Index (VIX) futures, which trade on CFE nearly 24 hours, five days a week. In addition to offering VIX futures in non-U.S. trading hours, direct access to CFE's market in Singapore enables CFE to further expand its customer outreach in Asia and is expected to enable more investors to trade and hedge with CFE's products.

CBOE said it plans to seek jurisdictional approval in additional countries in Asia and around the world as it continues to broaden its global reach.

In June, CFE received approval in Taiwan to have the VIX futures (VX/VXT) contract designated as an eligible foreign futures contract for Taiwanese traders. Any Taiwanese FCM may become a CFE TPH and conduct trading in VIX futures.