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June Is Second Consecutive Month Of Record Trading Volume At CBOE Futures Exchange

  June Is Second Consecutive Month Of Record Trading Volume At CBOE Futures
                                   Exchange

VIX Futures Trading Reaches New All-Time High

Several Milestones Achieved During Record-Setting Month

PR Newswire

CHICAGO, July 2, 2012

CHICAGO, July 2, 2012 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE)
today announced that June 2012 was the most-active trading month in CFE
history and the second consecutive month of record trading volume at the
exchange. The most-active trading month in CFE history was driven by record
volume in futures on the CBOE Volatility Index (the VIX Index), with June 2012
trading in VIX futures up 85 percent over a year-ago. During the
record-breaking month, new all-time highs were established in total monthly
volume, monthly average daily volume (ADV), single-day volume and weekly
volume -- both exchange-wide and for VIX futures. In addition, the second
quarter of 2012 experienced the highest trading volume of any quarter in CFE
history.

(Logo: http://photos.prnewswire.com/prnh/20100707/CBOELOGO-b)

June Trading Activity

For a second consecutive month, total trading volume at CFE surpassed the two
million contract benchmark. The record 2,168,751 contracts traded during June
2012 was an increase of 77 percent from the 1,223,214 contracts traded in June
2011 and an increase of seven percent from the 2,022,433 contracts traded
during May 2012, the previous record.

CBOE FUTURES EXCHANGE VOLUME SUMMARY
                                                    Year-To-Date
Current Month
           June      June     %    May       % June        June       %
                                              Chg
           2012      2011      Chg  2012           2012        2011       Chg
Trading    21        22             22             125         125
Days
Total CFE  2,168,751 1,223,214 +77% 2,022,433 +7%  10,007,503  5,686,972  +76%
Total CFE  103,274   55,600    +86% 91,928    +12% 80,060      45,496     +76%
ADV

Average daily volume at CFE reached a new all-time high for a second straight
month, topping one hundred thousand contracts for the first time during June
2012. The record 103,274 contracts per day was up 86 percent from the 55,600
contracts traded per day a year ago and surpassed the previous ADV record of
91,928 contracts per day during May 2012 by 12 percent.

The week of June 18-22 was the busiest trading week in CFE history as a total
of 659,930 contracts traded during the five days. The previous record week
was August 8-12, 2011 when 533,639 contracts traded. The record week was
spurred by a new all-time high for single-day total exchange volume when
160,552 contracts changed hands on Monday, June 18. This new daily record
eclipsed the previous single-day high of 152,133 contracts traded on August 5,
2011.

Second Quarter and Year-To-Date

For a second consecutive quarter, CFE experienced record-setting quarterly
volume. The 5,883,808 total contracts traded during the second quarter of
2012 surpassed the previous quarterly record of 4,123,695 contracts set during
the first quarter of 2012 by 43 percent. When compared to the 3,052,714
contracts traded during the second quarter of 2011, second quarter 2012 volume
rose by 93 percent. 

ADV during the second quarter 2012 was a new high of 93,394 contracts. When
compared with 66,511 contracts in the first quarter of 2012, the previous
record, and the 48,456 contracts in the same quarter from a year ago (2Q
2011), ADV in the second quarter of 2012 increased by 40 percent and 93
percent, respectively. 

Five of the top six most-active trading months in CFE history have occurred
during the first six months of 2012. Year-to-date volume for the first half
of the year stands at 10,007,503 contracts traded, 76 percent ahead of the
5,686,972 contracts traded during the first six months of 2011. Through June
2012, CFE is averaging 80,060 contracts traded per day, compared with 45,496
contracts per day from the same time period in 2011.

VIX Futures

Trading activity in CBOE Volatility Index (the VIX Index) futures totaled a
record 2,154,325 contracts during June 2012, an increase of 76 percent from
the 1,222,257 contracts in June 2011 and up eight percent from the 2,000,154
contracts in May 2012. June average daily volume in VIX futures was 102,587
contracts, also a new record, and an increase of 85 percent from the 55,557
contracts per day a year ago and up 13 percent from the ADV of 90,916
contracts in May 2012. The June records for total volume and average daily
volume in VIX futures surpassed the previous records for each set in May
2012.

Recently Launched Products

In their first full month of trading, futures on the CBOE NASDAQ-100
Volatility Index (VXN) totaled 108 contracts. The NASDAQ-100 Index (NDX)
represents the largest non-financial U.S. and international securities listed
on The NASDAQ Stock Market, based on market capitalization. VXN, which
measures the volatility of the NASDAQ-100 Index, is calculated through the
application of CBOE's VIX methodology to the prices of options on NDX. VXN
futures began trading on May 23.

Trading volume in CBOE Crude Oil ETF Volatility Index (OVX) security futures
totaled 3,290 contracts in June 2012, an increase of 65 percent from the 1,994
contracts in May. The CBOE Crude Oil ETF Volatility Index measures the
market's expectation of 30-day volatility of crude oil prices by applying the
VIX methodology to United States Oil Fund, LP exchange traded fund (USO)
options. OVX security futures were launched for trading on March 26, 2012.

Trading volume in CBOE Emerging Markets ETF Volatility Index (VXEM) security
futures totaled 8,870 contracts during June 2012, down 47 percent from the
16,703 contracts during May 2012. The CBOE Emerging Markets ETF Volatility
Index tracks the implied volatility of the iShares MSCI Emerging Markets Index
exchange traded fund (EEM). VXEM security futures were launched for trading
on January 9, 2012.

About CFE

CFE currently offers futures on ten different contracts, including: the CBOE
Volatility Index (the VIX Index), Weekly options on VIX futures (VOW), CBOE
mini-VIX (VM), CBOE NASDAQ-100 Volatility Index (VXN), CBOE Gold ETF
Volatility Index (GVZ), CBOE Crude Oil ETF Volatility Index (OVX), CBOE
Emerging Markets ETF Volatility Index (VXEM), CBOE Brazil ETF Volatility Index
(VXEW), CBOE S&P 500 3-Month Variance (VT) and Radar Logic 25-Metropolitan
Statistical Area (MSA) RPX Composite Index (RPXCP).

CFE, a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE), offers
an all-electronic, open-access market model, with traders providing liquidity
and making markets. CFE is regulated by the Commodity Futures Trading
Commission (CFTC) and all trades are cleared by the OCC. More information on
CFE and its products, including contract specifications, can be found at:
http://cfe.cboe.com/. 

CBOE-EF

CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX®
are registered trademarks, and CBOE Futures Exchange(SM), CBOE Brazil ETF
Volatility Index(SM), VXEW(SM), CBOE Crude Oil ETF Volatility Index(SM),
OVX(SM), CBOE Emerging Markets ETF Volatility Index(SM), VXEM(SM), CBOE
Emerging Market Brazil ETF Index(SM), VXEW(SM), GVZ(SM), VOW(SM) and
Weeklys(SM) are servicemarks of Chicago Board Options Exchange, Incorporated
(CBOE). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of
Standard & Poor's Financial Services, LLC, and have been licensed for use by
CBOE and CFE. The NASDAQ-100 Index®, NASDAQ-100®, and NASDAQ® are trademark or
service marks of The NASDAQ Stock Market, Inc. (with which its affiliates are
the "Corporations"). These marks are licensed for use by CBOE in connection
with the trading of products based on the NASDAQ-100 Index. All other
trademarks and servicemarks are the property of their respective owners.

SOURCE CBOE Futures Exchange, LLC

Website: http://cfe.cboe.com
Contact: Media Contacts, Mike McHugh, +1-312-786-7123, mchugh@cboe.com, or
Gary Compton, +1-312-786-7612, comptong@cboe.com; Investor Relations Contact,
Debbie Koopman, +1-312-786-7136, koopman@cboe.com
 
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