MIAX Options to launch options on volatility index on Feb. 19

Very dependent on who undertakes to make markets on MIAX. Right now it wouldn't exist without ORF. CTC or Group One joins in - then it has a shot. Wonder what if any arb. sets up between MIAX and CBOE. Most desks love to hate the CBOE and their fees. If I were them I would have been out working deals with the Primary and the ETN community prior to launch.
 
Very dependent on who undertakes to make markets on MIAX. Right now it wouldn't exist without ORF. CTC or Group One joins in - then it has a shot. Wonder what if any arb. sets up between MIAX and CBOE. Most desks love to hate the CBOE and their fees. If I were them I would have been out working deals with the Primary and the ETN community prior to launch.
How the f*ck do they expect people to make markets on these options without a market in the underlying?
 
SPX or SPY. SPX call Andy Lowenthal at CBOE and get it on the new product committee calendar. They will certainly make it a discussion point.
 
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