March launch for CBOE futures bourse

Chicago Board Options Exchange (CBOE) has announced it will launch its CBOE Futures Exchange (CFE) on 26 March, pending regulatory approval. It also announced a number of initiatives to compete in the war among options markets. CFE plans to debut with just one contract, CBOE Volatility Index (VIX) futures, which it unveiled last September. However, CBOE chairman and ceo, Bill Brodsky, said it plans to offer more volatility contracts, including perhaps a futures contract based on the Nasdaq index. Most of CFE's products will be tied in some way to existing contracts or products used at...