April 23, 2018 / 10:00 PM / 8 months ago

BRIEF-Cboe Global Markets - Issued A Letter To Its Customers Regarding The Cboe Volatility Index

April 23 (Reuters) - Cboe Global Markets Inc:

* CBOE GLOBAL MARKETS INC - ISSUED A LETTER TO ITS CUSTOMERS REGARDING THE CBOE VOLATILITY INDEX

* CBOE GLOBAL MARKETS INC - DURING OPENING AUCTION ON APRIL 18, A SINGLE MARKET PARTICIPANT SUBMITTED ORDERS TO BUY ABOUT 212,000 SPX OPTIONS

* CBOE GLOBAL MARKETS INC - DURING OPENING AUCTION ON APRIL 18, FIVE ADDITIONAL MARKET PARTICIPANTS SUBMITTED BUY ORDERS TOTALING 20,000 OPTIONS

* CBOE GLOBAL MARKETS INC - SIZE & STRUCTURE OF BUY ORDERS ON APRIL 18 APPEARED CONSISTENT WITH THE WEIGHTS PRESCRIBED BY THE VIX INDEX FORMULA

* CBOE GLOBAL MARKETS INC - ON APRIL 18 WERE SELL ORDERS SUBMITTED BY NINE PARTICIPANTS FOR A TOTAL OF 118,000 CONTRACTS

* CBOE GLOBAL MARKETS INC - BELIEVE AUCTION PROCESS FUNCTIONED AS INTENDED ON APRIL 18

* CBOE GLOBAL MARKETS INC - ASSESSING STEPS CBOE CAN TAKE TO ENHANCE THE VIX SETTLEMENT PROCESS AND ATTRACT MORE LIQUIDITY TO SETTLEMENT AUCTION

* CBOE GLOBAL MARKETS INC - TARGETING APRIL 30, FOR THE MIGRATION OF SPX OPTIONS TO HYBRID MARKET MODEL Source text: (bit.ly/2Jn0KKN) Further company coverage:

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