Cboe announces launch of new cboe 3-month implied correlation index

Chicago, july 1, 2021 /prnewswire/ -- cboe global markets, inc. (cboe: cboe), a leading provider of global market infrastructure and tradable products, today announced it is publishing intraday values for the cboe 3-month implied correlation index (ticker symbol: cor3m), a new benchmark index that is designed to provide market participants with further granularity into some of the factors driving volatility in the equity markets. correlation is a risk management tool generally used by market participants to set systematic risk exposure levels and maximize risk diversification benefits.
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