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The volatility index traded on the CBOE
-- known as the VIX -- is a bet on the likelihood of stock prices swinging in the future. Last week, investors anxious over the Boston Marathon bombings and slowing economic growth in China sent the VIX up 40 percent to 17.6 at one point. But the option quickly fell back to 13, around where it's been trading since the start of 2013. The VIX closed at 13.7 on Thursday. Jay Tigay, a VIX trader at Stutland Equities, described VIX trading as a sort of neglected stepchild in the flow of business news. So he was glad the CBOE was getting relatively big play on business news channel CNBC during the shutdown
-- though "not the attention they want." Stock of the CBOE Holdings, the parent company of the exchange, was not hurt by the shutdown, though. It closed up 16 cents, or about 0.5 percent, to $36.61.
[Associated
Press;
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