# Professor Menachem Brenner's research on the development of a volatility index is cited

1 Faculty News May 8, 2016 ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/fredoltarsh/2016/05/08/the-vix-cboe-volatility-index-may-be-a-good-index-for-fear-but-how-is-it-as-a-trading-vehicle/#2a1fa7d86c27) -- "VIX is a trademarked ticker symbol for the CBOE Volatility Index. It measures the predicted volatility of the stock market over a certain period in the future. According to Wikipedia, it was first developed and described by [Menachem Brenner](http://www.stern.nyu.edu/faculty/bio/menachem-brenner) and Dan Galai in 1986."

[Read more](http://www.forbes.com/sites/fredoltarsh/2016/05/08/the-vix-cboe-volatility-index-may-be-a-good-index-for-fear-but-how-is-it-as-a-trading-vehicle/#2a1fa7d86c27)