Nasdaq vol futures offer new play on market moves

By Jasper Cox
20 Aug 2020

VOLQ futures, a contract based on the Nasdaq 100 volatility index, is set to be available in time for investors to hedge potential volatility as a result of the US presidential election. Tim McCourt, global head of equity index and alternative investments at CME Group — which is launching the product — said that investors could use VOLQ in conjunction with the VIX, run by rival CBOE Global Markets.

The VOLQ contract is set to be launched on October 5, pending regulatory review. This is less than a month before the US presidential election on November 3, which market participants are highlighting as a potential source of volatility, particularly if the outcome is contested.

CME’s product ...

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