CBOE Holdings Inc., which delayed the expansion of VIX futures trading hours because of the U.S. government shutdown, revealed the process will now take place on Oct. 28 and Nov. 4.
Once both stages are complete, futures on the Chicago Board Options Exchange Volatility Index, or VIX, will be available for trading from 3 a.m. to 4:15 p.m. New York time every weekday, with an additional session from 4:30 p.m. to 5:15 p.m. New York time on Monday through Thursday. CBOE, the biggest U.S. options exchange owner, announced the updated schedule on its website today.
The two stages had been planned for Oct. 21 and Oct. 28 before the U.S. government shutdown, which ended this week, caused the second delay of expanded VIX trading hours. A software update to prepare for the shift caused a malfunction that shut CBOE’s main market for 3 1/2 hours in April, prompting the first postponement.