In a recent note to customers, Bryan Blake, Vice President, Canadian Equities, shared records in MATCHNow’s Conditional Order Book, detailed plans to further enhance the Conditional Order Book and more. Several new records were set in MATCHNow’s Conditional Order Book in March. These records, which are listed below (single-counted), further…

Quote Depletion Protection (QDP) for Midpoint Discretionary Orders (MDO) is a popular order type for market participants who aim to avoid adverse selection while accessing hidden liquidity. MDOs allow participants to post displayed or non-displayed liquidity at the National Best Bid or Offer (NBBO) with discretion to execute up to…

A concise weekly overview of the U.S. equities and derivatives markets Last week (February 22 to 26), fixed income markets remained front and center as the U.S. 10-year Treasury yield moved as high as 1.61% during Thursday’s market decline. The 10-year yield has now returned to where it was before…

In a recent note to customers, Bryan Blake, Vice President, Canadian Equities, detailed MATCHNow’s 2021 strategic vision, including plans to migrate to Cboe technology, growth in conditional orders and more. Just over six months ago, Cboe acquired MATCHNow to lead its expansion into Canada and build out a more complete…

Last week (February 15–19), the bond market took center stage as the U.S. 30-year treasury yield traded to 2.14% and the long end of the curve has moved significantly higher since August and continues to steepen. Bitcoin (BTC) and other cryptocurrencies also made headlines, as BTC traded up to $57,000…

Yesterday, the VIX Index closed at 21.24 and today the VVIX Index is down to 107, which is near its lowest levels since the start of the COVID-19 pandemic. The VIX futures curve climbs from now until April with the February expiration at 23.93, March at 26.67 and April at 27.89. From there, the curve flattens out until October. Industrywide, 38 million options contracts traded yesterday. So far in February, the options average daily volume is just over 40 million.

The S&P 500 is above 3,900 today, reaching a new all-time high. Last week, 30-day S&P 500 Index realized volatility climbed to 15.4%, while 30-day S&P 500 Index implied volatility fell to just over 16%. The small-cap Russell 2000 Index is up…

Adam Inzirillo, Head of North American Equities, shared what drove Cboe’s decision to update the Cboe EDGX® Early Trading session hours, along with some recent volume updates. Effective Monday, March 8, the EDGX Early Trading session will begin at 4 a.m. ET. The reason we made this change is simple…

· The VIX Index is down to 21 after last week’s high of 37.51. · The VIX futures curve is back in contango with a 2.60 spread between the February and March VIX futures. Volatility in the front month VIX future has been high this week, reaching 34.55 on Monday, February 1. · 30-day realized volatility for the S&P 500 Index is at 15.50. The VVIX Index is at 107, a new low for 2021. · Today’s most active VIX options include February 45 VIX options calls, March 23 VIX options puts and April 30 VIX options calls.