Growth of Volatility Derivatives: VIX, VIX Futures, and VIX Options (1993-2015)

1. Whaley paper frames volatility derivatives as overdue

   Jan 1, 1993Labels: Robert E, VIX concept

   • SpaceFrontiers
   • WFE Focus

2. CBOE unveils the original VIX volatility index

   Jan 19, 1993Labels: CBOE, Market Volatility

   • UPI Archives
   • Britannica Money

3. VIX Index officially launched for market use

   Apr 13, 1993Labels: Cboe, VIX Index

   • WFE Focus
   • Britannica Money

4. Cboe reformulates VIX using S&P 500 options

   Sep 22, 2003Labels: Cboe, VIX reformulation

   • CMT Assn
   • Option Strategist

5. Cboe Futures Exchange opens and lists VIX futures

   Mar 26, 2004Labels: Cboe Futures, VIX futures

   • Cboe IR
   • ScienceDirect

6. Cboe launches exchange-listed VIX options

   Feb 24, 2006Labels: VIX options, Cboe

   • MondoVisione
   • Risk net

7. Cboe introduces a longer-horizon volatility index (VXV)

   Dec 4, 2007Labels: VXV index, Cboe

   • FRED
   • FRED Data

8. VIX futures and options volumes surge post-launch

   Jan 1, 2008Labels: VIX trading, options volume

   • SEC Edgar
   • Cboe IR

9. Lehman Brothers bankruptcy shocks markets and volatility

   Sep 15, 2008Labels: Lehman Brothers, 2008 crisis

   • Britannica
   • HISTORY

10. VIX spikes to record intraday high during crisis

    Oct 24, 2008Labels: VIX spike, 2008 crisis

    • Macroption
    • VIX and More

11. First VIX exchange-traded products launch (VXX)

    Jan 29, 2009Labels: VXX ETN, iPath

    • SEC FWP

12. By 2015, VIX derivatives form a mature “volatility” market

    Dec 31, 2015Labels: VIX derivatives, volatility market

    • ScienceDirect
    • Cboe Products