Cboe Global Markets Inc. said there would be no pit trading of Cboe Volatility Index options Tuesday due to water damage caused by a burst pipe above its Chicago trading floor. As a result of the temporary pit closure, Cboe Volatility Index options (VIX and VIXW) will be available for trading electronic-only, with no open outcry trading, for at least Tuesday, CBOE said, in a news release. Cboe said it intends to implement contingency plans to relocate the VIX trading pit to an alternate space on the trading floor so that VIX and VIXW options may re-open for floor trading on Wednesday, alongside electronic trading. All other products and areas of the Cboe trading floor, including the S&P 500 Index, Russell 2000 Index, SPDR ETF, and all equity options trading crowd spaces are not impacted and will be available for both their regular electronic and open outcry trading, the exchange said.
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