---
title: "CBOE CEO Edward Tilly At 30th Annual CBOE Risk Management Conference: Announces Plans For June 22 Launch of 24-Hour VIX Futures Trading"
description: "CBOE CEO Edward Tilly At 30th Annual CBOE Risk Management Conference: Announces Plans For June 22 Launch of 24-Hour VIX Futures Trading"
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 Press Release

# CBOE CEO Edward Tilly At 30th Annual CBOE Risk Management Conference: Announces Plans For June 22 Launch of 24-Hour VIX Futures Trading

 03.18.2014 By Terry Flanagan

![CBOE CEO Edward Tilly At 30th Annual CBOE Risk Management Conference: Announces Plans For June 22 Launch of 24-Hour VIX Futures Trading](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/MM97794LOGO-d-May-12-2022-09-03-13-83-AM.jpeg)

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CHICAGO and BONITA SPRINGS, Fla., March 18, 2014 /PRNewswire/ -- CBOE Futures Exchange(SM) (CFE®) plans to extend CBOE Volatility Index® (VIX® Index) futures trading hours to nearly 24 hours a day, five days a week, beginning Sunday, June 22, CBOE Holdings Chief Executive officer Edward T. Tilly announced this morning at the 30th annual CBOE Risk Management Conference (RMC) in Bonita Springs, Florida.

![CBOE Futures Exchange (CFE) logo.](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/MM97794LOGO-d-May-12-2022-09-03-13-83-AM.jpeg "CBOE Futures Exchange (CFE) logo.")

Pending regulatory review, the trading week for VIX futures at CFE will begin each Sunday at 5:00 p.m. CT and end on Friday at 3:15 p.m. CT.  CFE will close for 15 minutes between 3:15 p.m. CT and 3:30 p.m. CT on Monday through Thursday, when no trading will be transacted. The new trading day on those days will then begin at 3:30 p.m. CT.

"VIX has become a recognized proxy for global market volatility. Now VIX futures customers around the world -- including investment banks, proprietary trading firms, hedge funds, CTAs and issuers of exchange traded products - will have the ability  to trade VIX futures virtually around the clock and to react immediately to events affecting global markets," CBOE Holdings CEO Edward T. Tilly said. "We have been very encouraged by the incremental volume and diverse number of users now trading VIX futures outside of regular U.S. trading hours."

Just under eight percent of the average daily volume in VIX futures was transacted outside of regular U.S. trading hours this year through February.

Over the last few years, CFE has lengthened its extended trading hours in VIX futures to accommodate customer requests for longer trading sessions outside of regular U.S. trading hours. Most recently, in October and November last year, CFE added five hours, 45 minutes to the VIX futures trading day.

CBOE's Tilly is one of several keynote speakers at this year's CBOE Risk Management Conference, being held from March 17 through 19.  RMC is the premier educational forum for equity derivatives and volatility traders; more than 300 financial professionals have gathered in Bonita Springs, Florida to discuss the latest trends and strategies in managing risk, enhancing yields and lowering portfolio volatility. For news and updates throughout the conference, visit "**RMC Live**" ([www.cboeoptionshub.com/rmclive/](http://www.cboeoptionshub.com/rmclive/)) -- RMC's social media home that contains blogs from every session, video interviews with speakers, event photos and live tweets (#CBOERMC).

**Forward-Looking Statements**  
Certain information contained in this news release may constitute forward-looking statements, such as the establishment of 24-hour trading. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and may be impacted by regulatory approvals, customer preparedness and other factors.

**About CBOE Futures Exchange**  
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index (VIX Index) futures (VX), CBOE Short-Term Volatility Index (VXST) futures, S&P 500 Variance futures (VA), CBOE NASDAQ-100 Volatility Index (VXN) futures (VN), CBOE Russell 2000 Volatility Index (RVX) futures (VU), CBOE Gold ETF Volatility Index (GVZ) security futures (GV), CBOE Crude Oil ETF Volatility Index (OVX) security futures (OV), CBOE Emerging Markets ETF Volatility Index (VXEEM) security futures (VXEM) and CBOE Brazil ETF Volatility Index (VXEWZ) security futures (VXEW).

CFE, a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE), offers an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE is regulated by the Commodity Futures Trading Commission (CFTC) and all trades are cleared by the OCC.

More information on CFE and its products, including contract specifications, can be found at: [http://cfe.cboe.com/](http://cfe.cboe.com/).

**CBOE-EF**

*CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures Exchange(SM), CBOE Short-Term Volatility Index(SM), CBOE Nasdaq-100 Volatility Index(SM), VXN(SM), VN(SM),* *CBOE Brazil ETF Volatility Index(SM), VXEW(SM), VXEWZ(SM), CBOE Crude Oil ETF Volatility Index(SM), OVX(SM), OV(SM), CBOE Emerging Markets ETF Volatility Index(SM), VXEM(SM), VXEEM(SM), CBOE Gold ETF Volatility Index(SM), GVZ(SM), GV(SM), CBOE Russell 2000 Volatility Index(SM), RVX(SM), Execute Success(SM), SPX(SM), VA(SM), VU(SM), VX(SM), VXST(SM) and Weeklys(SM) are service marks of Chicago Board Options Exchange, Incorporated (CBOE).Standard & Poor's®, S&P® and S&P 500® are registered  trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE and CFE.*

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