---
title: CBOE Expands Its Global Volatility Franchise With Addition Of CBOE EFA ETF Volatility Index
description: CBOE Expands Its Global Volatility Franchise With Addition Of CBOE EFA ETF Volatility Index
---

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 06.27.2013

 By Terry Flanagan

 Press Release

# CBOE Expands Its Global Volatility Franchise With Addition Of CBOE EFA ETF Volatility Index

 06.27.2013 By Terry Flanagan

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**Index Measures Market Volatility in Europe, Australia, Asia and Far East**

CHICAGO, June 27, 2013 /PRNewswire/ -- The Chicago Board Options Exchange, Incorporated® (CBOE®) today announced that it will begin disseminating values for a new volatility index benchmark — the CBOE EFA ETF Volatility Index (VXEFA) — on Monday, July 1.  The VXEFA Index, the newest addition to CBOE's suite of volatility benchmarks, expands investors' ability to track market volatility of major geographic regions outside of the United States.

(Logo: [http://photos.prnewswire.com/prnh/20121022/MM97794LOGO-b](http://photos.prnewswire.com/prnh/20121022/MM97794LOGO-b))

The new Index measures the volatility of the iShares MSCI EAFE Index Fund (EFA), an exchange traded product (ETP) that offers exposure to developed-market stocks in Europe, Australia, Asia and the Far East. Most recently, EFA options were the tenth-most-active ETP options class in 2013, averaging 82,000 contracts traded per day industry-wide.

The value of the VXEFA Index is derived by applying the CBOE Volatility Index® (VIX®) methodology to CBOE-listed options prices on EFA.

The new VXEFA Index complements other CBOE indexes that measure market volatility geographically. VXEFA, together with the VIX® and the CBOE Emerging Markets ETF Volatility Index (VXEEM) -- based on the iShares Emerging Markets Index Fund (EEM) -- offer retail and institutional investors, including asset managers, product issuers and hedge funds, the ability to measure equity volatility globally.

CBOE also disseminates values on country-specific market volatility in Brazil and China with the CBOE Brazil ETF Volatility Index (VXEWZ), based on the iShares MSCI Brazil Index Fund (EWZ), and the CBOE China ETF Volatility Index (VXFXI), based on the iShares Trust FTSE China 25 Index Fund (FXI).

For more information on the CBOE EFA ETF Volatility Index, including historical values of VXEFA from 2008 to present, see [www.cboe.com/VXEFA](http://www.cboe.com/VXEFA).

CBOE, known as the home of volatility indexes, currently publishes data on more than two dozen volatility-related benchmarks and strategies. For additional information on CBOE's volatility indexes, go to [www.cboe.com/volatility](http://www.cboe.com/volatility).

**About CBOE:**  
 CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE is home to the world-renowned Options Institute and [www.cboe.com](http://www.cboe.com/), the go-to place for options and volatility trading resources. CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the OCC.

*CBOE®, Chicago Board Options Exchange®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWrite(SM), BXM(SM), CBOE Emerging Markets ETF Volatility Index(SM), CBOE Brazil ETF Volatility Index(SM), CBOE China ETF Volatility Index(SM), VXEEM(SM), VXEWZ(SM), VXFXI(SM), SPX(SM) and The Options Institute are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2(SM) and C2 Options Exchange(SM) are service marks of C2 Options Exchange, Incorporated (C2). 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, C2 and CFE. All other trademarks and service marks are the property of their respective owners.*

­­­CBOE-OE

SOURCE CBOE

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