Trading Volume In VIX Futures Reaches New All-Time High for Third Consecutive
-Total Monthly Volume Rises 64% Year-Over-Year
-Tops Three Million Contracts For Second Straight Month
CHICAGO, April 1, 2013
CHICAGO, April 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE^®)
announced today that March 2013 was the third consecutive month in which total
volume in futures on the CBOE Volatility Index^® (VIX^®) and total
exchange-wide trading reached new all-time highs.
A record 3,220,977 VIX futures contracts traded during March, exceeding the
3,062,344 contracts traded in February, the previous record, by five percent.
February and March are the first two months in CFE history to register more
than three million VIX futures contracts traded. When compared to the
1,963,893 contracts traded a year ago, March's volume rose by 64 percent.
Monthly average daily volume (ADV) in VIX futures during March was 161,049
contracts, topping the 89,268 contracts per day in March 2012 by 80 percent
and was essentially unchanged from February's record ADV of 161,176
CFE Monthly Volume Summary Year-To-Date
March 2013 March 2012 % February % March March %
Chg 2013 Chg 2013 2012 Chg
Trading 20 22 19 60 62
Total 3,220,977 1,963,893 64% 3,062,344 5% 9,181,060 4,111,148 123%
ADV 161,049 89,268 80% 161,176 0% 153,018 66,309 131%
Total 3,228,874 1,971,563 64% 3,087,775 5% 9,244,262 4,123,587 124%
ADV 161,444 89,617 80% 162,514 -1% 154,071 66,509 132%
For a third straight month, total volume at CFE set a new record as 3,228,874
contracts traded. March's volume was an increase of 64 percent from the March
2012 volume of 1,971,563 contracts and a gain of five percent from the
3,087,775 contracts traded during February, the previous high. March marked
the second consecutive month that total volume at CFE exceeded three million
Exchange-wide monthly ADV during March was 161,444 contracts, up 80 percent
from March 2012 ADV of 89,617 contracts and down just one percent from the
record ADV of 162,514 contracts in February.
First Quarter 2013
In VIX futures trading, total volume for the first quarter of 2013 was a
record 9,181,060 contracts, surpassing the previous high of 7,613,774 total
contracts during the fourth quarter of 2012 by 21 percent and up 123 percent
from the 4,111,148 contracts traded during the first quarter of 2012. VIX
futures ADV during the first quarter was a record 153,018 contracts, compared
with 122,803 contracts in the previous quarter (4Q 2012) and 66,309 contracts
in the same quarter from a year ago (1Q 2012).
Exchange-wide, total volume for the first quarter of 2013 was a new high of
9,244,262 contracts, a fifth consecutive record quarter. The trading volume
during the three months from January through March surpassed the previous high
of 7,640,062 total contracts during the fourth quarter of 2012 by 21 percent
and gained 124 percent from the 4,123,587 contracts traded during the first
quarter of 2012. ADV during the first quarter was a record 154,071 contracts,
compared with 123,227 contracts in the previous quarter (4Q 2012) and 66,509
contracts in the same quarter from a year ago (1Q 2012).
On February 1, CFE's London Hub became operational. 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. For more information on the London Hub, go to
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, LLC
Contact: Media: Gail Osten, (312) 786-7123, email@example.com, or Gary Compton,
(312) 786-7612, firstname.lastname@example.org; Analyst: Debbie Koopman, (312) 786-7136,
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