ARTICLE SYNOPSIS ...The New Volatility Futures by Larry McMillan They just might be the stock owner's delight. The CBOE has created a new futures exchange (the CBOE Futures Exchange, or CFE) to trade volatility products. Its first and only product at this time is futures on VIX, the CBOE volatility index, but the CBOE plans to introduce more volatility-related products soon. Some traders might dismiss these products as simply an opportunity for option-crazed investors. But in reality, these products will find application for a far wider audience than speculators: stock owners can benefit from the ability to ...