VIX Owner Plots New Fear Gauge to Help Measure European Fright
- CBOE just bought Bats, strengthening its position in Europe
- Company could expand business in indexes, ETFs, futures
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A new European fear gauge is on the drawing board.
CBOE Holdings Inc.’s VIX is already the flagship product for betting on price swings in the U.S. stock market. Now, armed with a big European stock exchange picked up when it acquired Bats Global Markets Inc. this year, the Chicago-based market operator thinks it can eventually expand the VIX franchise.