S&P Dow Jones Indices and B3 Launch the First Implied Volatility Index for Brazil's Domestic Market Based on Cboe's VIX Index Methodology
NEW YORK, March 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), the world's leading index provider, and B3, the exchange of Brazil, today announced the launch of a new implied volatility index, the first to monitor Brazil's domestic market, based on Cboe Global Markets' proprietary Cboe Volatility Index (VIX® Index) Methodology.
- NEW YORK, March 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), the world's leading index provider, and B3, the exchange of Brazil, today announced the launch of a new implied volatility index, the first to monitor Brazil's domestic market, based on Cboe Global Markets' proprietary Cboe Volatility Index (VIX® Index) Methodology.
- Designed to measure near-term volatility implied by Ibovespa B3 options prices, the S&P/B3 Ibovespa VIX index offers a transparent and efficient 30-day view into the Brazilian market's expectations for volatility.
- "Introducing implied volatility indices such as the S&P/B3 Ibovespa VIX index reflects the liquid ecosystem of products in Brazil and is additive to S&P DJI's market-leading indices offering."
- As such, the S&P/B3 Ibovespa VIX index further expands S&P DJI's suite of implied volatility barometers measuring investor sentiment and market volatility globally.