Vix challenged by new volatility index

A fix for the Vix?

storms

There is a bewildering array of volatility-linked products in existence, but virtually all of them have one thing in common: they are based on the Vix. Developed 20 years ago, the Vix index, known as the "investor fear gauge", measures investors' expectations of what stock market volatility will be in the near term. Not only is it the only volatility measure routinely quoted on the evening news, the Vix enjoys an effective monopoly on exchange-traded funds (ETFs) and exchange-traded notes (ET

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