Sep 12, 2022 / 04:00PM GMT
Benjamin Elliot Budish - Barclays Bank PLC, Research Division - Research Analyst
If anybody doesn't know me, my name is Ben Budish, I'm the analyst here covering brokers, asset managers and exchanges. So Ed, thanks so much for joining us. I appreciate you being here.
Edward T. Tilly - Cboe Global Markets, Inc. - Chairman & CEO
Great to be here. Thank you.
Questions and Answers:
Benjamin Elliot Budish - Barclays Bank PLC, Research Division - Research AnalystSo maybe let's just start kind of with a macro question, the sort of the topic of the day. What are you seeing in the U.S.? Around the world? How are your customers behaving? What sort of impact is that having on the business?
Edward T. Tilly - Cboe Global Markets, Inc. - Chairman & CEO
I think the greatest impact is in this uncertainty, and we measure uncertainty by looking at the volatility term structure. So as you know, we have futures measuring VIX out over many, many months. And that uncertainty, as
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