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CBOE Holdings Reports April 2013 Trading Volume



               CBOE Holdings Reports April 2013 Trading Volume

- VIX Futures Post Busiest Month Ever

- C2 Establishes All-Time Monthly Records

PR Newswire

CHICAGO, May 1, 2013

CHICAGO, May 1, 2013 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE)
reported today that April trading volume for options contracts on Chicago
Board Options Exchange^® (CBOE^®) and C2 Options Exchange (C2^SM) and futures
contracts on CBOE Futures Exchange, LLC (CFE^®) totaled 102.70 million
contracts. Average daily volume (ADV) in April was 4.67 million contracts, up
four percent from 4.49 million contracts in March 2013 and up one percent from
4.63 million contracts in April 2012. 

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

Also in April, futures on the CBOE Volatility Index^® (VIX^® Index), traded on
CFE, posted their busiest month ever, and C2 set all-time monthly total
volume, average daily volume and market share records.  

CBOE Holdings Consolidated Trading Volume               Year-To-Date
(trades in         Apr-13    Apr-12   %    Mar-13   %   Apr-13    Apr-12    %
thousands)                            Chg           Chg                     Chg
Trading Days       22        20            20           82        82
Total
Contracts          102,701.1 92,556.6 11%  89,811.7 14% 364,673.1 395,224.1 -8%
 (options &
futures)
Total Options
Contracts          98,631.5  90,864.0 9%   86,582.8 14% 351,359.2 389,407.9 -10%
(CBOE & C2)
Total Futures      4,069.6   1,692.6  140% 3,228.9  26% 13,313.9  5,816.2   129%
Contracts (CFE)
Total
ADV                4,668.2   4,627.8  1%   4,490.5  4%  4,447.3   4,819.8   -8%
 (options &
futures)
Total Options ADV  4,483.2   4,543.2  -1%  4,329.1  4%  4,284.9   4,748.9   -10%
  (CBOE & C2)
Total Futures      185.0     84.6     119% 161.4    15% 162.4     70.9      129%
ADV      (CFE)

CBOE Trading Volume and Market Share

CBOE  Trading Volume:

  o CBOE ADV was 4.08 million contracts, down six percent from April 2012 ADV
    of 4.33 million contracts and up one percent from March 2013 ADV of 4.04
    million contracts.
  o CBOE index options ADV was 1.43 million contracts, up 26 percent from
    April 2012 and down eight percent from March 2013. 
  o SPXpm options, which moved from C2 to CBOE in mid-February 2013,
    established a new monthly volume record of 170,096 contracts during April,
    compared to 105,097 contracts traded in February. The previous SPXpm
    options monthly volume record was 165,378 contracts in March 2012.
  o CBOE ETP options ADV was just less than two million contracts, up ten
    percent from April 2012 and up 18 percent from March 2013.
  o CBOE equity options ADV was 1.45 million contracts, down 31 percent from
    April 2012 and down one percent from March 2013.
  o The five most actively traded index and ETP options at CBOE in April 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                    Year-To-Date
(trades in    Apr-13   Apr-12   % Chg Mar-13   % Chg Apr-13    Apr-12    % Chg
thousands)
Trading Days  22       20             20             82        82
Total         89,844.1 86,654.2 4%    80,802.2 11%   326,539.8 371,422.3 -12%
Exchange
Total         4,083.8  4,332.7  -6%   4,040.1  1%    3,982.2   4,529.5   -12%
Exchange ADV
Equity        31,982.8 42,071.4 -24%  29,346.3 9%    123,348.1 180,255.6 -32%
Options
Equity        1,453.8  2,103.6  -31%  1,467.3  -1%   1,504.2   2,198.2   -32%
Options ADV
Index Options 31,476.7 22,731.8 38%   31,055.0 1%    121,386.6 95,149.6  28%
Index Options 1,430.8  1,136.6  26%   1,552.8  -8%   1,480.3   1,160.4   28%
ADV
ETP Options   26,384.6 21,850.9 21%   20,400.9 29%   81,805.2  96,017.0  -15%
ETP Options   1,199.3  1,092.5  10%   1,020.0  18%   997.6     1,170.9   -15%
ADV

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

CBOE Market Share:
CBOE market share of total U.S. options industry volume was 24.2 percent in
April 2013, down 1.7 percentage points from March 2013 and down 2.9 percentage
points from April 2012. If the volume from dividend trades was excluded from
industry data for April, the Exchange's total market share would be 24.5
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                            Year-To-Date
                      Apr-13 Apr-12 % Pt. Chg Mar-13 % Pt. Apr-13 Apr-12 % Pt.
                                                     Chg                 Chg
Total Exchange        24.2%  27.1%  -2.9%     25.9%  -1.7% 23.9%  26.9%  -3.0%
Total Exchange
(excl. dividend       24.5%  28.0%  -3.5%     26.7%  -2.2% 24.5%  28.4%  -3.9%
trades)
Equity Options        16.5%  22.3%  -5.8%     17.6%  -1.1% 16.1%  21.9%  -5.8%
Equity Options
(excl. dividend       16.8%  24.1%  -7.3%     18.2%  -1.4% 16.7%  24.2%  -7.5%
trades)
Index Options         94.3%  94.0%  0.3%      95.5%  -1.2% 94.8%  94.5%  0.3%
Index Options
(excl. dividend       94.4%  93.7%  0.7%      95.6%  -1.2% 94.9%  94.4%  0.5%
trades)
ETP Options           18.4%  20.4%  -2.0%     18.1%  0.3%  17.4%  21.0%  -3.6%
ETP Options
(excl. dividend       18.4%  20.4%  -2.0%     18.7%  -0.3% 17.5%  21.4%  -3.9%
trades)

C2 Trading Volume and Market Share

C2 Trading Volume:
In April, C2 set all-time monthly records for volume and ADV. Volume totaled
8.79 million contracts (ADV -- 399,400 contracts). April's volume and ADV
records surpassed the previous records established in August 2011 when 7.15
million contracts changed hands (ADV – 310,800 contracts). ETP option ADV rose
194 percent and 47 percent from April 2012 and March 2013, respectively.

C2 Trading Volume Current Month                       Year-To-Date
(trades in        Apr-13  Apr-12  % Chg Mar-13  % Chg Apr-13   Apr-12   % Chg
thousands)
Trading Days      22      20            20            82       82
Total Exchange    8,787.4 4,209.8 109%  5,780.7 52%   24,819.4 17,985.6 38%
Total Exchange    399.4   210.5   90%   289.0   38%   302.7    219.3    38%
ADV
Equity Options    1,232.0 1,743.5 -29%  1,106.0 11%   6,151.9  7,418.7  -17%
Equity Options    56.0    87.2    -36%  55.3    1%    75.0     90.5     -17%
ADV
Index Options*    --      128.0   --    --      --    136.3    488.2    --
Index Options     --      6.4     --    --      --    1.7      6.0      --
ADV*
ETP Options       7,555.3 2,338.3 223%  4,674.7 62%   18,531.2 10,078.7 84%
ETP Options ADV   343.4   116.9   194%  233.7   47%   226.0    122.9    84%

*SPXpm moved from C2 to CBOE on February 19, 2013.

C2 Market Share:
C2 market share of total industry volume in April 2013 was 2.4 percent – the
exchange's highest monthly market share ever – up 1.1 percentage points from
April 2012 and up 0.5 of a percentage point from March 2013. ETP option market
share in April was 5.3 percent, up 3.3 percentage points from April 2012 and
up 1.1 percentage points from March 2013.

C2  Market Share Current Month                             Year-To-Date
                      Apr-13 Apr-12 % Pt. Chg Mar-13 % Pt. Apr-13 Apr-12 % Pt.
                                                     Chg                  Chg
Total Exchange        2.4%   1.3%   1.1%      1.9%   0.5%  1.8%   1.3%   0.5%
Total Exchange
(excl. dividend       2.4%   0.9%   1.5%      1.9%   0.5%  1.9%   1.4%   0.5%
trades)
Equity Options        0.6%   0.9%   -0.3%     0.7%   -0.1% 0.8%   0.9%   -0.1%
Equity Options
(excl. dividend       0.6%   1.0%   -0.4%     0.7%   -0.1% 0.8%   1.0%   -0.2%
trades)
Index Options*        --     0.6%   --        --     --    0.1%   0.5%   --
Index Options*
(excl. dividend       --     0.6%   --        --     --    0.1%   0.5%   --
trades)
ETP Options           5.3%   2.0%   3.3%      4.2%   1.1%  3.9%   2.2%   1.7%
ETP Options
(excl. dividend       5.3%   2.2%   3.1%      4.3%   1.0%  4.0%   2.2%   1.8%
trades)

*SPXpm moved from C2 to CBOE on February 19, 2013.

CBOE Futures Exchange Trading Volume

  o April ranked as the busiest month ever for VIX futures contract total
    volume and ADV.
  o VIX futures volume totaled a record 4,056,760 contracts, surpassing the
    previous monthly volume record of 3,220,977 contracts traded in March
    2013. April was the first month in which VIX futures volume exceeded four
    million contracts and a fourth consecutive record volume month.
  o VIX futures ADV was a record 184,398 contracts, surpassing the previous
    record ADV of 161,176 contracts in February 2013. ADV was up 119 percent
    over April 2012 and 14 percent over March 2013.
  o CBOE Gold ETF Volatility Index security futures volume hit a record 6,120
    contracts during the month versus the previous record of 1,619 contracts
    in August 2012.

CBOE Holdings Average Revenue Per Contract  
The company will report its average transaction fee per contract for the three
months ended March 31, 2013, in conjunction with its quarterly earnings news
release, which will be issued on Friday, May 3, 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, Incorporated (CBOE), CBOE Futures Exchange, LLC (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 ETP 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, Execute Success^SM, SPX^SM, SPXpm^SM, and
The Options Institute are service marks of Chicago Board Options Exchange,
Incorporated (CBOE). C2^SM and C2 Options Exchange^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. All other trademarks and
service marks are the property of their respective owners.

CBOE-V
CBOE-2
CBOE-EF

SOURCE CBOE Holdings, Inc.

Website: http://www.cboe.com
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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