April Is Record-Setting Month For VIX Futures Trading At CFE
- Total Volume Sets Record for Fourth Consecutive Month
- Monthly ADV Reaches New High for Third Time in 2013
- New Single-Day Record Achieved on April 15
CHICAGO, May 1, 2013
CHICAGO, May 1, 2013 /PRNewswire/ --The CBOE Futures Exchange, LLC (CFE^®)
announced today that April 2013 was a record-setting month for the trading of
futures on the CBOE Volatility Index^® (VIX^®) with new all-time highs in
total monthly volume, monthly average daily volume (ADV) and single-day
For the fourth consecutive month, total monthly trading volume in VIX futures
reached an all-time high. The 4,056,760 contracts traded during April 2013
surpassed the 3,220,977 contracts in March, the previous record, by 26
percent. April was the first time in CFE history that total monthly volume in
VIX futures eclipsed four million contracts traded. When compared to the
1,683,034 contracts traded a year ago, April's volume rose by 141 percent.
CFE Monthly Volume Summary Year-To-Date
% April April %
April 2013 April 2012 % Chg March 2013 Chg Chg
Trading 22 20 20 82 82
VIX Index Futures
4,056,760 1,683,034 141% 3,220,977 26% 13,237,820 5,794,182 128%
ADV 184,398 84,152 119% 161,049 14% 161,437 70,661 128%
CFE Total Exchange
4,069,630 1,692,623 140% 3,228,874 26% 13,313,892 5,816,211 129%
ADV 184,983 84,631 119% 161,444 15% 162,365 70,929 129%
Monthly average daily volume (ADV) in VIX futures during April was a record
184,398 contracts. The previous record was 161,176 contracts per day in
February 2013. April marked the third time in the first four months of 2013
that a new monthly ADV record was set. When compared to March's ADV of
161,049 contracts and April 2012's ADV of 84,152 contracts, April's volume
increased by 14 percent and 119 percent, respectively.
A new single-day volume record in VIX futures was set on April 15 when 449,955
contracts traded, topping the previous high of 302,278 contracts traded on
February 25, 2013.
For a fourth straight month, total exchange-wide volume at CFE set a new
record as 4,069,630 contracts traded. April's volume was an increase of 26
percent from the 3,228,874 contracts traded in March, the previous high, and a
gain of 140 percent from the April 2012 volume of 1,692,623 contracts. For
the first time in CFE history, total exchange-wide monthly volume topped four
million contracts traded during April.
Exchange-wide monthly ADV of 184,983 contracts during April also set a new
record, besting the 162,514 contracts per day in February 2013, the previous
high. April's ADV was up 15 percent compared with the March 2013 ADV of
161,444 contracts, and up 119 percent from the April 2012 ADV of 84,631
A new total exchange-wide single-day volume record was set on April 15 when
452,139 contracts traded, beating the previous high of 302,986 contracts
traded on February 25, 2013.
oCBOE Gold ETF Volatility Index security futures (index ticker: GVZ;
futures ticker: GV) set a new monthly volume record with 6,120 contracts
traded in April, surpassing the previous monthly record of 1,619 contracts
in August 2012.
oGV security futures set a new single-day volume record on April 15 with
1,488 contracts traded. The previous single-day high was 765 contracts on
March 28, 2013.
oApril volume in CBOE Crude Oil ETF Volatility Index security futures
(index ticker: OVX; futures ticker: OV) totaled 2,709 contracts traded, an
increase of 275 percent from March's 722 contracts.
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, +1-312-786-7123, firstname.lastname@example.org, or Gary Compton,
+1-312-786-7612, email@example.com, or Analysts, Debbie Koopman,
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