CBOE Holdings Reports September Volume

                    CBOE Holdings Reports September Volume

- Year-to-Date Volume: Index Options Up 24 Percent, VIX Futures Up 86 Percent

PR Newswire

CHICAGO, Oct. 1, 2013

CHICAGO, Oct. 1, 2013 /PRNewswire/ --CBOE Holdings, Inc. (NASDAQ: CBOE)
reported today that September trading volume for options contracts on Chicago
Board Options Exchange^® (CBOE^®) and C2 Options Exchange (C2^SM) and futures
contracts on CBOE Futures Exchange^SM (CFE^®) totaled 95.48 million
contracts. Average daily volume (ADV) was 4.77 million contracts, a
three-percent increase from August 2013 and a two-percent decrease from
September 2012.

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

Year to date, CBOE Volatility Index® (VIX® Index) futures trading volume
through September was 86 percent higher than for the same period a year ago.


CBOE Holdings Consolidated Trading Volume                 Year-To-Date
(trades in           Sep-13   Sep-12   %   Aug-13    %    Sep-13    Sep-12    %
thousands)                             Chg           Chg                      Chg
Trading Days         20       19           22             188       188
Total Contracts  95,479.1 92,870.4 3%  101,716.9 -6%  874,690.5 878,568.7 --
(options & futures)
Total Options
Contracts (CBOE 92,502.5 90,459.9 2%  98,189.2  -6%  844,465.4 862,316.6 -2%
& C2)
Total Futures        2,976.6  2,410.5  23% 3,527.7   -16% 30,225.1  16,252.1  86%
Contracts (CFE)
Total ADV
(options 4,774.0  4,887.9  -2% 4,623.5   3%   4,652.6   4,673.2   0%
& futures)
Total Options ADV   4,625.2  4,761.0  -3% 4,463.2   4%   4,491.8   4,586.8   -2%
(CBOE & C2)
Total Futures ADV 148.8    126.9    17% 160.3     -7%  160.8     86.4      86%
(CFE)

CBOE Trading Volume and Market Share

CBOE  Trading Volume:

  oCBOE's September trading volume totaled 87.21 million contracts. ADV in
    September was 4.36 million contracts, a five-percent decrease from
    September 2012 and a four-percent increase from August 2013.
  oIndex options ADV was 1.47 million contracts, a six-percent increase from
    September 2012 and an eight-percent increase from August 2013. Year to
    date through September, index options ADV is up 24 percent from a year
    ago.
  oExchange trade product (ETP) options ADV was 1.11 million contracts, a
    six-percent decrease from September 2012 and one-percent decrease from
    August 2013.
  oEquity options ADV was 1.78 million contracts, an 11-percent decrease from
    September 2012 and a five-percent increase from August 2013.
  oThe five most actively traded index and ETP options at CBOE in September
    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    Sep-13   Sep-12   % Chg Aug-13   % Chg Sep-13    Sep-12    % Chg
thousands)
Trading Days  20       19             22             188       188
Total         87,208.4 86,948.4 --    91,948.5 -5%   787,004.5 824,658.1 -5%
Exchange
Total         4,360.4  4,576.2  -5%   4,179.5  4%    4,186.2   4,386.5   -5%
Exchange ADV
Equity        35,685.8 38,213.5 -7%   37,329.6 -4%   300,222.9 378,966.3 -21%
Options
Equity        1,784.3  2,011.2  -11%  1,696.8  5%    1,596.9   2,015.8   -21%
Options ADV
Index Options 29,319.5 26,394.3 11%   29,996.6 -2%   276,893.0 223,016.1 24%
Index Options 1,466.0  1,389.2  6%    1,363.5  8%    1,472.8   1,186.3   24%
ADV
ETP Options   22,203.1 22,340.6 -1%   24,622.3 -10%  209,888.5 222,675.7 -6%
ETP Options   1,110.2  1,175.8  -6%   1,119.2  -1%   1,116.4   1,184.4   -6%
ADV

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

CBOE Market Share:
CBOE's market share of total U.S. options industry volume was 27.6 percent in
September 2013, an increase of 1.2 percentage points from September 2012 and a
decrease of one percentage point from August 2013.

CBOE Market Share Current Month                         Year-To-Date
               Sep-13 Sep-12 % Pt. Chg Aug-13 % Pt.    Sep-13 Sep-12 % Pt.
                                               Chg                    Chg
Total Exchange 27.6%  26.4%  1.2%       28.6%  -1.0%    25.6%  27.2%  -1.6%
Equity Options 20.6%  21.2%  -0.6%      21.1%  -0.5%    17.9%  22.0%  -4.1%
Index Options  97.5%  93.6%  3.9%       97.5%  --       96.3%  94.0%  2.3%
ETP Options    19.8%  18.5%  1.3%       21.6%  -1.8%    18.9%  20.8%  -1.9%

C2 Trading Volume and Market Share

C2 Trading Volume:

  oC2's September trading volume totaled 5.29 million contracts. ADV was
    264,700 contracts, a 43-percent increase from September 2012 and a
    seven-percent decrease from August 2013.
  oYear to date through September, ADV increased 53 percent from the same
    period a year ago, with ETPs options ADV -- up 113 percent -- driving
    year-to-date increases.
  oOn September 3, C2 listed Russell 2000 Index options for trading.

C2 Trading Volume Current Month                        Year-To-Date
(trades in         Sep-13  Sep-12  % Chg Aug-13  % Chg Sep-13   Sep-12   % Chg
thousands)
Trading Days       20      19            22            188      188
Total Exchange     5,294.0 3,511.5 51%   6,240.8 -15%  57,460.9 37,658.5 53%
Total Exchange ADV 264.7   184.8   43%   283.7   -7%   305.6    200.3    53%
Equity Options     938.4   1,362.0 -31%  1,217.5 -23%  11,703.2 15,101.0 -23%
Equity Options ADV 46.9    71.7    -35%  55.4    -15%  62.3     80.3     -23%
Index Options*     14.7    99.7    nm    --      nm    151.0    1,104.8  nm
Index Options ADV* 0.7     5.2     nm    --      nm    0.8      5.9      nm
ETP Options        4,340.9 2,049.8 112%  5,023.3 -14%  45,606.8 21,452.7 113%
ETP Options ADV    217.0   107.9   101%  228.3   -5%   242.6    114.1    113%

*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior
period and year-to-date index options include SPXpm, which was moved to CBOE
from C2 on February 17, 2013.

nm – not meaningful

C2 Market Share:
C2 market share of total industry volume in September 2013 was 1.7 percent, a
0.6-percentage- point increase from September 2012 and a 0.2-percentage-point
decrease from August 2013.

C2 Market Share Current Month                         Year-To-Date
               Sep-13 Sep-12 % Pt.     Aug-13 % Pt.    Sep-13 Sep-12 % Pt.
                             Chg             Chg                    Chg
Total Exchange 1.7%   1.1%   0.6%      1.9%   -0.2%    1.9%   1.2%   0.7%
Equity Options 0.5%   0.8%   -0.3%     0.7%   -0.2%    0.7%   0.9%   -0.2%
Index Options* 0.1%   0.4%   -0.3%     --     0.1%     0.1%   0.5%   -0.4
ETP Options    3.9%   1.7%   1.9%      4.4%   -0.5%    4.1%   2.0%   2.1%

*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior
period and year-to-date index options include SPXpm, which was moved to CBOE
from C2 on February 17, 2013.

CBOE Futures Exchange Trading Volume and Highlights

  oSeptember trading volume for VIX futures totaled 2.96 million contracts.
    Average daily trading volume in VIX futures was 148,039 contracts, a
    17-percent increase from September 2012 and a seven-percent decrease from
    August 2013. 
  oYear to date through September, VIX futures volume totaled over 30 million
    contracts, an 86-percent increase from the same period in 2012.
  oAnnounced yesterday:

       oCFE will launch the first phase of its extended trading hours
         initiative for VIX futures on Monday, October 21, with the second
         phase to follow on Monday, October 28. For more information, see
         http://www.cboe.com/AboutCBOE/MediaHub/press-releases.aspx.
       oCFE will launch trading on CBOE Russell 2000^® Volatility Index (RVX)
         futures (ticker symbol VU) on Wednesday, October 30. For more
         information, see http://www.cboe.com/RVX and
         http://www.cboe.com/AboutCBOE/MediaHub/press-releases.aspx.

CBOE Holdings Average Revenue Per Contract
The following represents the average revenue per contract based on a
three-month rolling average, reported on a one-month lag. The average revenue
per contract represents total transaction fees for CBOE, C2 and CFE recognized
for the period divided by total contracts traded on all three exchanges during
the period. Average revenue per contract can be affected by various factors,
including exchange fee rates, volume-based discounts and transaction mix by
contract type and product type.

(In Dollars)                                    Three-Month Period Ended
Product:                                        Aug-13 Jul-13 Jun-13 May-13
Equity Options                                  $0.081 $0.082 $0.090 $0.094
Index Options                                   $0.671 $0.670 $0.675 $0.674
ETP Options                                     $0.122 $0.121 $0.119 $0.119
 Total Options Average Revenue Per Contract $0.278 $0.282 $0.289 $0.295
Futures                                         $1.533 $1.544 $1.544 $1.594
 Total Average Revenue Per Contract         $0.321 $0.324 $0.334 $0.341

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^®, 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, 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). Russell 2000® is a registered trademark of
Russell Investments, used under license. 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 Contacts: Gail Osten, (312) 786-7123, osten@cboe.com; or Gary
Compton, (312) 786-7612, comptong@cboe.com; or Analyst Contact: Debbie
Koopman, (312) 786-7136, koopman@cboe.com
 
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