CFTC Issues Exemptive Order for Certain Options on the CBOE Gold ETF Volatility Index

Posted on January 7, 2011 by LexBlog

Co-authored by Kevin M. Foley and Vanessa L. Colman

The Commodity Futures Trading Commission has issued a final order exempting the trading and clearing of certain options (Exempted Options) from the Commodity Exchange Act and regulations thereunder to the extent needed to allow such options to be traded on national securities exchanges and cleared though the Options Clearing Corporation. Exempted Options include options on (1) the CBOE Gold ETF Volatility Index (which measures the implied volatility of options on shares of the SDPR Gold Trust, an exchange traded fund (ETF) that intends to reflect the performance of the price of gold bullion), and (2) any other index that measures the volatility of the price of shares of gold ETFs.

The Federal Register release of the order can be found here.

Tags:
Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.corporatefinancialweeklydigest.com/admin/trackback/235755
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?
Send To A Friend Use this form to send this entry to a friend via email.