IStoxx, in association with Deutsche Börse and SWX, has launched a group of indexes covering eurozone, German and Swiss volatility, the VSTOXX, VDAX-NEW and VSMI respectively. VDAX-NEW replaces the incumbent VDAX, which is expected to be wound-up at the end of the year. They have already been licensed as the basis for volatility futures contracts.
The indexes use a new methodology developed by Goldman Sachs and Deutsche Börse which complements the existing VDAX methodology. They will be calc