Cboe Short-Term Volatility Index

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On October 1, 2013, Chicago Board Options Exchange (CBOE) announced that it had created a new benchmark volatility index – the CBOE Short-Term Volatility Index (ticker symbol: VXST), and had begun disseminating values for the new index.

VXST reflects investors' consensus view of expected stock market volatility. Whereas the CBOE Volatility Index (VIX) has a 30-day horizon, VXST looks out just nine days, making it particularly responsive to changes in short-term volatility triggered by market events, such as earnings, government reports and Fed announcements.

The Short-Term Volatility Index was designed to complement the VIX.

In February and April 2014, respectively, CBOE Futures Exchange (CFE) and CBOE introduced CBOE Short-term Volatility Index Futures and options, with weekly expirations. [1]