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CBOE plans U.S. bond volatility futures in November

[September 04, 2014] (Reuters) - CBOE Futures Exchange said on Thursday it plans to launch futures trading on the CBOE/CBOT 10-year U.S. Treasury Note Volatility Index on Nov. 13, pending regulatory review.

“We are pleased to tap into this space by introducing a CBOE Volatility Index futures product that offers customers a way to hedge pure interest rate volatility risk based on U.S. government debt with a single product for the first time,” said CBOE Chief Executive Officer Edward Tilly in a statement.

The exchange began publishing the index in May 2013, which incorporates futures and options data on the CME Group's CBOT 10-year U.S. Treasury note contract.

On Wednesday, the CBOE/CBOT volatility gauge fell 1.35 percent to 5.10.

(Reporting by Richard Leong in New York; editing by Matthew Lewis)

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