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 | ||