Total VIX Futures Volume Reaches New All-Time High In November

        Total VIX Futures Volume Reaches New All-Time High In November

Third Consecutive Record Month of Total Volume For VIX Futures and
Exchange-Wide Trading

PR Newswire

CHICAGO, Dec. 3, 2012

CHICAGO, Dec. 3, 2012 /PRNewswire/ --The CBOE Futures Exchange, LLC (CFE^®)
announced today that total monthly trading volume in futures on the CBOE
Volatility Index^® (VIX^®) reached an all-time high for a third consecutive
month in November 2012. The record trading activity in VIX futures also drove
total volume at CFE to a new all-time high.

(Logo: http://photos.prnewswire.com/prnh/20121022/MM97794LOGO-d)

Total monthly trading activity in VIX futures during November was a new
all-time high of 2,734,248 contracts, a gain of 233  percent from the 822,017
contracts traded in November 2011 and up 12 percent from the 2,443,878
contracts during October 2012, which had been the previous record. 

In November, average daily volume (ADV) in VIX futures totaled a new record of
130,202 contracts, an increase of 233 percent over the 39,144 contracts per
day November 2011 and up 12  percent versus the ADV of 116,375 contracts in
October 2012. November's record ADV surpassed the previous ADV high of 126,345
contracts in September 2012. 

Year to date through November, total volume in VIX futures stands 86 percent
ahead of the same time period a year ago -- 21,344,285 contracts versus
11,455,871  contracts. Average daily volume in VIX futures year to date is 87
percent ahead of 2011 year-to-date – 92,801 contracts per day compared to
49,593 contracts per day. 

Monthly Volume Summary                            Year-To-Date
             Nov       Nov     %    Oct       %   Nov        Nov        %

             2012      2011    Chg  2012      Chg 2012       2011       Chg
Trading Days 21        21           21            230        231
VIX Index Futures
 Total   2,734,248 822,017 233% 2,443,878 12% 21,344,285 11,455,871 86%
 ADV     130,202   39,144  233% 116,375   12% 92,801     49,593     87%
CFE Total Exchange
 Total   2,744,177 822,783 234% 2,449,414 12% 21,446,380 11,392,422 88%
 ADV     130,675   39,180  234% 116,638   12% 93,245     49,318     89%

Total trading volume at CFE during November was 2,744,177 contracts, a new
record, and surpassing the 822,783 contracts traded in November 2011 by 234
percent. When compared to the 2,449,414 contracts traded in October 2012,
which had been the previous CFE record, November trading volume rose 12 
percent.

Total exchange-wide ADV during November was a new high of 130,675 contracts,
surpassing the previous record of 126,871 contracts in September 2012. When
compared to the ADV of 39,180 contracts in November 2011 and 116,638 contracts
in October 2012, November ADV rose by 234 percent and 12 percent,
respectively. 

About CBOE Futures Exchange:

CFE currently offers eight contracts: CBOE Volatility Index (The VIX Index)
futures (VX), Mini-VIX futures (VM), CBOE NASDAQ-100 Volatility Index (VXN)
futures (VN), CBOE Gold ETF Volatility Index (GVZ) security futures (GV), CBOE
Crude Oil ETF Volatility Index (OVX) security futures (OV), CBOE Emerging
Markets ETF Volatility Index (VXEEM) security futures (VXEM), CBOE Brazil ETF
Volatility Index (VXEWZ) security futures (VXEW) and Radar Logic
25-Metropolitan Statistical Area (MSA) RPX Composite Index futures (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 Nasdaq-100
Volatility Index^SM, VXN^SM, VN^SM, CBOE Brazil ETF Volatility Index^SM,
VXEW^SM, VXEWZ^SM, CBOE Crude Oil ETF Volatility Index^SM, OVX^SM, OV^SM, CBOE
Emerging Markets ETF Volatility Index^SM, VXEM^SM, VXEEM^SM, CBOE Gold ETF
Volatility Index^SM, GVZ^SM, GV^SM, VM^SM, VT^SM and VX^SM are service marks
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. The products have not been passed on by the
Corporations as to their legality or suitability. The products are not issued,
endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). All other
trademarks and service marks are the property of their respective owners.

SOURCE CBOE Futures Exchange, LLC

Contact: Media, Gail Osten, (312) 786-7123, osten@cboe.com, or Gary Compton,
(312) 786-7612, comptong@cboe.com; or Analysts, Debbie Koopman, (312)
786-7136, koopman@cboe.com
 
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