Trading Volume In VIX Futures Reaches New All-Time High For Second Consecutive
-- Average Daily Volume Gains 141% Year-Over-Year
-- Total Volume Tops Three Million Contracts For First Time
CHICAGO, March 1, 2013
CHICAGO, March 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE^®)
announced today that for the second consecutive month, average daily volume
(ADV), total volume and single-day volume in futures on the CBOE Volatility
Index^® (VIX^®) reached all-time highs during February 2013. The same records
were also set for total exchange-wide trading.
Average daily volume in VIX futures during February reached an all-time high
of 161,176 contracts. This record ADV topped the 66,924 contracts per day in
February 2012 by 141 percent and January's ADV of 137,988 contracts, the
previous record, by 17 percent. VIX futures experienced its two most-active
trading days on consecutive days during the month: 302,278 contracts on
February 25 -- the first time that single-day volume topped the
300,000-contract-mark -- and 299,566 contracts on February 26. The previous
single-day volume record for VIX futures was 221,323 contracts on January 2,
The 3,062,344 total VIX futures contracts traded during February was an
increase of 129 percent from the 1,338,471 contracts traded in February 2012.
February's volume rose six percent from the record 2,897,739 contracts traded
in January – even with two fewer trading days during the month. February was
the first time that total monthly volume in VIX futures eclipsed the
three-million-contract mark and the sixth consecutive month volume surpassed
the two-million-contract mark.
CFE Monthly Volume Summary Year-To-Date
Feb-13 Feb-12 % Chg Jan-13 % Chg Feb-13 Feb-12 % Chg
Trading 19 20 21 40 40
VIX Index Futures
Total 3,062,344 1,338,471 129% 2,897,739 6% 5,960,083 2,147,255 178%
ADV 161,176 66,924 141% 137,988 17% 149,002 53,681 178%
CFE Total Exchange
Total 3,087,775 1,340,758 130% 2,927,613 5% 6,015,388 2,152,026 180%
ADV 162,514 67,038 142% 139,410 17% 150,385 53,801 180%
Total exchange-wide monthly ADV during February reached a new high for a
second straight month. The record 162,514 contracts during the month was a
gain of 142 percent from February 2012 ADV of 67,038 contracts and up 17
percent from the ADV of 139,410 contracts in January, the previous record.
CBOE Futures Exchange set new single-day volume records on consecutive days
during the month: 302,986 contracts on February 25 and 300,271 contracts on
February 26, surpassing the previous high of 226,951 contracts on January 2,
2013. This was the first time that single-day volume topped the
300,000-contract-mark at CBOE Futures Exchange.
Exchange-wide trading during February totaled 3,087,775 contracts, up 130
percent from the February 2012 volume of 1,340,758 contracts and an increase
of five percent from the previous record of 2,927,613 contracts traded during
January. February marked the first time that total volume at CBOE Futures
Exchange exceeded three million contracts traded.
CFE's London Hub went live on February 1. The Hub is a cross connection
(telephone switch and communication lines) from the Equinix facility in
England to the CBOE Command Center at the Equinix facility in New Jersey. The
Hub provides direct access to CFE's trading system and market data, as well as
index data made available by Market Data Express. For additional information
on the London Hub, refer to CFE Regulatory Circular RG13-004 at
About CBOE Futures Exchange:
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index
(The VIX Index) futures (VX), Mini-VIX futures (VM), S&P 500 Variance futures
(VA), 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®, 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^SMand 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
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