Options Market Hit With Data Disruptions as VIX Lurches
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Data transmission was snarled in parts of the options market today as one of the biggest U.S. venues reported issues disseminating prices while the industry’s benchmark gauge swung erratically three times.
The International Securities Exchange, owned by Deutsche Boerse AG, reported difficulty sending data to the industry’s main price dissemination service, the Options Price Reporting Authority. Separately, the Chicago Board Options Exchange Volatility Index, known as the VIX, surged and fell in a series of bursts the company later attributed to a software flaw.