CME Group Nasdaq-100 Volatility Index

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This contract was created between CME and Nasdaq as a means to measure the volatility of a market between two set dates in the future. Volatility may look like a change in earning seasons, market shifts, or the effects of political events. The contract will look 30 days into the future of the current date and calculates value based on option prices from the nearest four consecutive weekly expiration dates.[1]

Nasdaq-100 Volatility Index Futures
Contract Unit 1,000 Index Points
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET with trading halt 4:15 p.m. - 4:30 p.m.
CME ClearPort: Sunday 5:00 p.m. through Friday 5:45 p.m. CT with no reporting Monday through Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.05 index points = $50.00
Product Code CME Globex: VLQ

CME ClearPort: VLQ

Clearing: VLQ

Listed Contracts Contracts listed for 3 consecutive months
Settlement Method Financially Settled
Termination of Trading Trading terminates 30 days prior to the 3rd Friday of the month following contract month.
Settlement Procedures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 379
Block Minimum Block Minimum Thresholds
Price Listing or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing