CBOE Holdings Reports January 2013 Trading Volume:

              CBOE Holdings Reports January 2013 Trading Volume:

VIX Options and Futures Set All-Time Monthly Volume Records

PR Newswire

CHICAGO, Feb. 1, 2013

CHICAGO, Feb. 1, 2013 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE)
reported today that January trading volume for options contracts on Chicago
Board Options Exchange^® (CBOE^®) and C2 Options Exchange^SM (C2^SM) and
futures contracts on CBOE Futures Exchange^SM (CFE^®) totaled 89.02 million
contracts. Average daily volume (ADV) in January was 4.24 million contracts,
up eight percent from 3.93 million contracts in December 2012 and down seven
percent from 4.56 million contracts in January 2012.

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

In January, CBOE Volatility Index® (VIX®) options and futures both established
record-breaking monthly trading volumes. 

CBOE Holdings Consolidated Trading Volume
(trades in thousands)   Jan-13   Jan-12   %    Dec-12   %
                                          Chg           Chg
Trading Days            21       20            20
Total Contracts         89,019.9 91,173.9 -2%  78,594.1 13%
(options & futures)
Total Options Contracts 86,092.3 90,362.7 -5%  76,147.6 13%
(CBOE & C2)
Total Futures Contracts 2,927.6  811.3    261% 2,446.5  20%
(CFE)
Total ADV               4,239.0  4,558.7  -7%  3,929.7  8%
(options & futures)
Total Options ADV       4,099.6  4,518.1  -9%  3,807.4  8%
(CBOE & C2)
Total Futures ADV       139.4    40.6     244% 122.3    14%
(CFE)

CBOE Trading Volume and Market Share

CBOE  Trading Volume:

  oJanuary 2013 ADV at CBOE was 3.85 million contracts, down 11 percent from
    January 2012 ADV of 4.32 million contracts and up seven percent from
    December 2012 ADV of 3.60 million contracts.
  oVIX Index options recorded their best month ever with an average daily
    volume of 680,822 contracts, exceeding the previous record ADV of 582,022
    contracts in August 2011. Total volume for the month was 14.3 million
    contracts, also a new record.
  oDuring the month, index options ADV rose 46 percent and 19 percent,
    respectively, from January 2012 and December 2012.
  oThe five most actively traded index and ETF options at CBOE during January
    were S&P 500^® Index (SPX^SM) options, CBOE Volatility Index^® (VIX^®
    Index) options, Standard & Poor's Depositary Receipt (SPY) options,
    iShares Trust - Russell 2000 Index Fund (IWM) options and iPath S&P 500
    VIX Short-Term Futures ETN (VXX) options.

CBOE Trading Volume Current Month
(trades in thousands) Jan-13   Jan-12   %    Dec-12   %
                                        Chg           Chg
Trading Days          21       20            20
Total Exchange        80,839.6 86,326.8 -6%  71,937.6 12%
Total Exchange ADV    3,849.5  4,316.3  -11% 3,596.9  7%
Equity Options        32,613.1 44,147.6 -26% 27,931.0 17%
Equity Options ADV    1,553.0  2,207.4  -30% 1,396.5  11%
Index Options         32,027.7 20,898.1 53%  25,628.9 25%
Index Options ADV     1,525.1  1,044.9  46%  1,281.4  19%
ETF Options           16,198.8 21,281.1 -24% 18,377.8 -12%
ETF Options ADV       771.4    1,064.1  -28% 918.9    -16%

Expanded full-year and January 2013 volume information for CBOE index and ETF
options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Market Share:
CBOE market share of total U.S. options industry volume was 22.4 percent in
January 2013, down 0.6 of a percentage point from December 2012 and down 3.3
percentage points from January 2012. If the volume from dividend trades was
excluded from industry data for January, the Exchange's total market share
would be 22.8 percent. Exclusion of dividend trades from total industry volume
data presents a more relevant measure of the relative trends in the options
business.

CBOE Market Share Current Month
                        Jan-13 Jan-12 % Pt. Dec-12 % Pt.
                                      Chg           Chg
Total Exchange          22.4%  25.7%  -3.3%  23.0%  -0.6%
Total Exchange          22.8%  27.8%  -5.0%  24.3%  -1.5%
(excl. dividend trades)
Equity Options          14.8%  20.6%  -5.8%  16.8%  -2.0%
Equity Options          16.4%  23.7%  -7.3%  19.1%  -2.7%
(excl. dividend trades)
Index Options           94.8%  95.0%  -0.2%  94.9%  -0.1%
Index Options           94.6%  95.0%  -0.4%  94.5%  0.1%
(excl. dividend trades)
ETF Options             15.2%  21.4%  -6.2%  15.4%  -0.2%
ETF Options             15.2%  21.4%  -6.2%  16.5%  -1.3%
(excl. dividend trades)

C2 Trading Volume and Market Share

C2 Trading Volume Current Month
(trades in thousands) Jan-13  Jan-12  %    Dec-12  %
                                      Chg          Chg
Trading Days          21      20           20
Total Exchange        5,252.7 4,035.9 30%  4,210.0 25%
Total Exchange ADV    250.1   201.8   24%  210.5   19%
Equity Options        2,451.2 1,837.9 33%  1,815.1 35%
Equity Options ADV    116.7   91.9    27%  90.8    29%
Index Options         84.2    92.7    -9%  119.3   -29%
Index Options ADV     4.0     4.6     -13% 6.0     -33%
ETF Options           2,717.3 2,105.3 29%  2,275.7 19%
ETF Options ADV       129.4   105.3   23%  113.8   14%

C2 Trading Volume:
C2 volume in January 2013 totaled 5.25 million contracts. ADV was 250,100
contracts – up 24 percent from January 2012 ADV of 201,800 contracts and up 19
percent from December 2012 ADV of 210,500 contracts.

C2 Market Share Current Month
                        Jan-13 Jan-12 % Pt. Dec-12 % Pt.
                                      Chg.         Chg
Total Exchange          1.5%   1.2%   0.3%  1.4%   0.1%
Total Exchange          1.5%   0.9%   0.6%  1.4%   0.1%
(excl. dividend trades)
Equity Options          1.1%   0.9%   0.2%  1.1%   --
Equity Options          1.2%   1.0%   0.2%  1.1%   0.1%
(excl. dividend trades)
Index Options           0.2%   0.4%   -0.2% 0.4%   -0.2%
Index Options           0.2%   0.4%   -0.2% 0.5%   -0.3%
(excl. dividend trades)
ETF Options             2.5%   2.1%   0.4%  1.9%   0.6%
ETF Options             2.6%   2.1%   0.5%  2.0%   0.6%
(excl. dividend trades)

C2 Market Share:
C2 market share of total industry volume in January 2013 was 1.5 percent, up
0.3 of a percentage point from January 2012 and up 0.1 of a percentage point
from December 2012.

CBOE Futures Exchange Trading Volume

  oVIX futures monthly trading volume and ADV established all-time highs in
    January 2013. Nearly 2.9 million VIX futures contracts changed hands,
    beating the previous record of over 2.7 million contracts traded in
    November 2012.
  oThe record VIX futures ADV in January was 137,988 contracts, up 241
    percent and 13 percent, respectively, from 40,439 contracts in January
    2012 and 121,782 contracts in December 2012.
  oVIX futures also set new open interest records on four consecutive days in
    January, culminating on January 16 with record open interest of 472,403
    contracts.

CBOE Holdings Average Transaction Fee Per Contract 

The company will report its average transaction fee per contract for the three
months ended December 31, 2012, in conjunction with its quarterly earnings
news release, which will be issued on Friday, February 8, 2013. This
information also will be posted to the Investor Relations section of CBOE's
web site under Financial Information, Supplemental Information.

About CBOE Holdings
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board
Options Exchange (CBOE), CBOE Futures Exchange (CFE) and other subsidiaries.
CBOE, the largest U.S. options exchange and creator of listed options,
continues to set the bar for options and volatility trading through product
innovation, trading technology and investor education. CBOE Holdings offers
equity, index and ETF options, including proprietary products, such as S&P 500
options (SPX), the most active U.S. index option, and options and futures on
the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE
include equity options, security index options, LEAPS options, FLEX options,
and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE
Holdings is home to the world-renowned Options Institute and www.cboe.com, the
go-to place for options and volatility trading resources. CBOE is regulated by
the Securities and Exchange Commission (SEC), with all trades cleared by the
OCC.

CBOE^®, Chicago Board Options Exchange^®, CFE^®, FLEX^®, LEAPS^®, CBOE
Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM,
BXM^SM, CBOE Futures Exchange^SM, SPX^SM and The Options Institute are service
marks of Chicago Board Options Exchange, Incorporated (CBOE). C2^SM, C2
Options Exchange^SM and SPXpm^SM are service marks of C2 Options Exchange,
Incorporated (C2). 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, C2 and CFE.

CBOE-V
CBOE-2
CBOE-EF

SOURCE CBOE Holdings, Inc.

Website: http://www.cboe.com
Contact: Media, Gail Osten, +1-312-786-7123, osten@cboe.com or Gary Compton,
+1-312-786-7612, comptong@cboe.com, or Analysts, Debbie Koopman,
+1-312-786-7136, koopman@cboe.com
 
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