The new index is the first strategy developed by Cboe’s new tradable products and services division, Cboe Labs.

Cboe Global Markets and S&P Dow Jones Indices (S&P DJI) will collaborate to develop the Cboe S&P 500 Dispersion Index. The new volatility-related index is designed to provide representation of implied dispersion for the S&P 500 Index and aims to help investors better understand portfolio diversification benefits and implement dispersion trading strategies. Dispersion is recognized as one of the fundamental metrics of market risks - Tim Edwards, S&P Dow Jones Indices Simi