CBOE : Futures Exchange Receives Registered Market Operator Approval in Singapore

CBOE Futures Exchange Receives Registered Market Operator Approval in Singapore

Approval Expands CFE's Reach with Asian Traders

CHICAGO, IL -- August 17, 2016 -- CBOE Futures Exchange, LLC (CFE) today announced it recently received approval from the Monetary Authority of Singapore (MAS) to be a Registered Market Operator (RMO) in Singapore. With this designation, CFE may now allow professional investors, accredited investors and expert investors, as defined under Singaporean law, to become CFE Trading Privilege Holders (TPHs) and access CFE's market directly.

A growing number of market participants from outside the U.S. are trading CBOE Volatility Index (VIX) futures, which trade on CFE nearly 24 hours, five days a week. In addition to offering VIX futures in non-U.S. trading hours, direct access to CFE's market in Singapore enables CFE to further expand its customer outreach in Asia and is expected to provide even more investors with greater efficiency to trade and hedge with CFE's products.

'Singapore is the gateway to the Asian investment community, and the country has worked to establish itself as a key futures trading hub. Expanding customer outreach in the region and providing Asian customers with new opportunities to trade our products is a top priority for CFE and CBOE,' said Andy Lowenthal, Senior Vice President, Business Development, Chicago Board Options Exchange.

Direct connection to CFE through foreign jurisdiction approval provides international Futures Commission Merchants (FCMs) with a more cost-effective and convenient way to transact VIX futures orders on CFE. CBOE plans to seek jurisdictional approval in additional countries in Asia and around the world as it continues to broaden its global reach.

In June, CFE received approval in Taiwan to have the VIX futures (VX/VXT) contract designated as an eligible foreign futures contract for Taiwanese traders. Any Taiwanese FCM may become a CFE TPH and conduct trading in VIX futures.

Korea is also an approved foreign jurisdiction for CFE trading. A complete list of CFE approved foreign jurisdictions is available at http://cfe.cboe.com/tradecfe/cfeafj.aspx.

Foreign jurisdiction approval in Singapore follows two major CBOE initiatives to broaden customer reach in Asia. After a successful debut in 2015, CBOE plans to host a second Risk Management Conference Asia in Hong Kong this November. In December 2015, CBOE collaborated with the Singapore Exchange (SGX) to launch The CBOE Options Institute at SGX-the first extension of CBOE's world-renowned educational facility.

About CBOE Futures Exchange

CBOE Futures Exchange, LLC (CFE) offers contracts on CBOE Volatility Index (VIX Index) futures (VX), S&P 500 Variance futures (VA), CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) futures (VXTY) and CBOE Russell 2000 Volatility Index (RVX) futures (VU).

VIX futures are available for trading nearly 24 hours a day, five days a week at CFE, beginning Sunday at 5:00 p.m. CT and ending Friday at 3:15 p.m. CT. CFE closes for 15 minutes between 3:15 p.m. CT and 3:30 p.m. CT, Monday through Thursday, after which the next trading day begins at 3:30 p.m. CT. For additional details on extended trading hours, see www.cboe.com/ETH.

CFE, an all-electronic market, is a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE). CFE is regulated by the Commodity Futures Trading Commission (CFTC) and all trades are cleared by OCC. More information on CFE and its products, including contract specifications, can be found at: http://cfe.cboe.com/.

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CBOE, Chicago Board Options Exchange, CFE, CBOE Volatility Index and VIX are registered trademarks, and CBOE Futures Exchange, CBOE Options Institute, CBOE/CBOT 10-year U.S. Treasury Note Volatility Index, CBOE Russell 2000 Volatility Index, VX, VA, TYVIX, VXTY, RVX, and VU 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. Russell and Russell 2000 are registered trademarks of the Frank Russell Company, used under license. CBOT is a trademark of CME Group, Inc. (CME). CBOE has, with the permission of CME, used such trademark in the CBOE/CBOT 10-year U.S. Treasury Note Volatility Index. CME makes no representation regarding the advisability of investing in any investment product that is based on such index.All other trademarks and service marks are the property of their respective owners.