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Cboe and S&P Dow Jones launch new credit VIX indices
Chicago, Oct. 4 – Four new credit volatility indices are being launched on Oct. 13, jointly developed by Cboe Global Markets, Inc. and S&P Dow Jones Indices, according to a press release.
The four new indices are the:
• CDX/Cboe NA High Yield 1-Month Volatility Index (Ticker: VIXHY);
• CDX/Cboe NA Investment Grade 1-Month Volatility Index (Ticker: VIXIG);
• iTraxx/Cboe Europe Main 1-Month Volatility Index (Ticker: VIXIE); and
• iTraxx/Cboe Europe Crossover 1-Month Volatility Index (Ticker: VIXXO).
The new series aim to track the expected volatility across the North American and European credit markets.
Specifically, the new indices are designed to track near-term uncertainty around corporate credit risk by measuring the market's expectation of how volatile credit default swap (CDS) index spreads will be over the next 30 days.
Cboe Global Markets is an exchange holding company based in Chicago. S&P Dow Jones Indices is home to financial market indicators such as the S&P 500 and the Dow Jones industrial average.
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