Asian volatility indexes too illiquid to hedge risk

Asia’s volatility products are not yet liquid enough to draw local investors away from the CBOE Vix

Volatility arrows
A volatile future? Asia developing local volatility indexes

Recently launched volatility index futures markets on the Hong Kong and Osaka exchanges do not yet have enough liquidity and so Asian investors are still using the Chicago Board Options Exchange (CBOE) Vix-based products instead.

Volatility futures tracking the Hang Seng index in Hong Kong (V-HSI) and Japan’s Nikkei 225 (V-Nikkei) were launched in February this year – eight years after the CBOE Vix futures came onto the market. But so far liquidity has been lower on the Asian indexes than in Vix

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here