Cboe CEO Tilly on Why Wall Street Needed a One-Day VIX

The transcript discusses the launch of the VIX one day product, designed to measure short-term market volatility. It targets both institutional and retail investors, providing more detailed information than traditional cash markets. The discussion includes potential future developments, Sibo's growth strategy, and its commitment to Chicago amidst concerns about business retention in the city.

What was the main reason for launching the VIX One Day product?

• To capture daily market volatility

• To target only institutional investors

• To measure long-term market trends

• To replace the 30-day VIX

Who is the VIX One Day product intended for?

• Only institutional investors

• Only retail investors

• All types of investors

• Only international investors

What is a criticism mentioned about the VIX One Day product?

• It does not provide any new information

• It is not available for international markets

• The regular VIX is already a reliable indicator

• It is too complex for retail investors

How does the VIX One Day product provide more information than cash markets?

• By predicting future stock prices

• By focusing on international markets

• By using implied numbers based on insurance pricing

• By offering real-time trading options

What is the primary purpose of the VIX One Day product?

• To serve as a tradable product

• To replace the S&P 500 index

• To measure implied volatility for the next day

• To provide investment advice

What has been a key factor in Sibo's growth over the last decade?

• Focusing only on retail investors

• Limiting operations to Chicago

• Expanding into jurisdictions that allow competition

• Reducing the number of employees

What is Sibo's stance on its presence in Chicago?

• They are undecided about their future in Chicago

• They are reducing their operations in Chicago

• They are committed to staying and growing in Chicago

• They plan to relocate to another city