CBOE Holdings Reports November Volume

                    CBOE Holdings Reports November Volume

- November ADV Up 6 Percent from a Year Ago

- Year-to-Date ADV Up 3 Percent

PR Newswire

CHICAGO, Dec. 2, 2013

CHICAGO, Dec. 2, 2013 /PRNewswire/ --CBOE Holdings, Inc. (NASDAQ: CBOE)
reported today that November 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 91.90 million
contracts. Average daily volume (ADV) was nearly 4.60 million contracts, a
six-percent increase from November 2012 and a 16-percent decrease from October
2013.

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

Year to date, CBOE Holdings ADV rose three percent from the same period a year
ago.

CBOE Holdings Consolidated Trading Volume               Year-To-Date
(trades in         Nov-13   Nov-12   %   Oct-13    %    Nov-13      Nov-12      %
thousands)                           Chg           Chg                          Chg
Trading Days       20       21           23             231         230
Total
Contracts      91,904.6 91,314.9 1%  126,242.0 -27% 1,092,837.1 1,055,722.6 4%
(options &
futures)
Total Options
Contracts         89,343.2 88,570.7 1%  122,036.3 -27% 1,055,844.9 1,034,276.9 2%
(CBOE & C2)
Total Futures      2,561.4  2,744.2  -7% 4,205.7   -39% 36,992.2    21,445.7    72%
Contracts (CFE)
Total
ADV 4,595.3  4,348.3  6%  5,488.8   -16% 4,730.9     4,590.1     3%
(options &
futures)
Total Options ADV 4,467.2  4,217.6  6%  5,305.9   -16% 4,570.8     4,496.9     2%
(CBOE & C2)
Total Futures      128.1    130.7    -2% 182.9     -30% 160.1       93.2        72%
ADV (CFE)

CBOE Trading Volume and Market Share

CBOE  Trading Volume:

  oCBOE's November ADV was 4.18 million contracts, a five-percent increase
    from November 2012 and a 16-percent decrease from October 2013.
  oEquity options ADV was 1.90 million contracts, a 26-percent increase from
    November 2012 and a five-percent decrease from October 2013.
  oIndex options ADV was nearly 1.30 million contracts, a seven-percent
    decrease from November 2012 and a 26-percent decrease from October 2013.
  oExchange traded product (ETP) options ADV was 983,400 contracts, a
    nine-percent decrease from November 2012 and a 20-percent decrease from
    October 2013.
  oThe five most actively traded index and ETP options at CBOE in November
    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 PowerShares QQQ Trust (QQQ)
    options.

CBOE Trading Volume Current Month                    Year-To-Date
(trades in   Nov-13   Nov-12   % Chg Oct-13    % Chg Nov-13    Nov-12    % Chg
thousands)
Trading Days 20       21             23              231       230
Total        83,669.8 83,704.1 0%    114,316.0 -27%  984,990.4 987,466.4 0%
Exchange
Total        4,183.5  3,985.9  5%    4,970.3   -16%  4,264.0   4,293.3   -1%
Exchange ADV
Equity       38,089.9 31,760.3 20%   45,965.8  -17%  384,278.6 445,777.5 -14%
Options
Equity       1,904.5  1,512.4  26%   1,998.5   -5%   1,663.5   1,938.2   -14%
Options ADV
Index        25,911.5 29,360.8 -12%  40,164.1  -35%  342,968.6 277,249.8 24%
Options
Index        1,295.6  1,398.1  -7%   1,746.3   -26%  1,484.7   1,205.4   23%
Options ADV
ETP Options  19,668.5 22,583.1 -13%  28,186.1  -30%  257,743.2 264,439.1 -3%
ETP Options  983.4    1,075.4  -9%   1,225.5   -20%  1,115.8   1,149.7   -3%
ADV

Expanded November 2013 and year-to-date 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 26.6 percent in
November 2013, an increase of 1.6 percentage points from November 2012 and a
decrease of 1.8 percentage points from October 2013.

CBOE Market Share Current Month                        Year-To-Date
               Nov-13 Nov-12 % Pt.    Oct-13 % Pt. Chg Nov-13 Nov-12 % Pt. Chg
                             Chg
Total Exchange 26.6%  25.0%  1.6%     28.5%  -1.9%     26.0%  26.8%  -0.8%
Equity Options 19.9%  17.4%  2.5%     20.5%  -0.6%     18.4%  21.2%  -2.8%
Index Options  97.5%  93.9%  3.6%     98.0%  -0.5%     96.6%  94.1%  2.5%
ETP Options    20.3%  18.6%  1.7%     20.7%  -0.4%     19.2%  20.4%  -1.2%

C2 Trading Volume and Market Share

C2 Trading Volume:

  oC2's November trading volume totaled 5.67 million contracts. ADV was
    283,700 contracts, a 22-percent increase from November 2012 and a
    15-percent decrease from October 2013.
  oYear to date through November, ADV increased 51 percent from the same
    period a year ago, driven primarily by a 112-percent increase in ETP
    options volume.

C2 Trading Volume Current Month                        Year-To-Date
(trades in         Nov-13  Nov-12  % Chg Oct-13  % Chg Nov-13   Nov-12   % Chg
thousands)
Trading Days       20      21            23            231      230
Total Exchange     5,673.4 4,866.7 17%   7,720.2 -27%  70,854.5 46,810.4 51%
Total Exchange ADV 283.7   231.7   22%   335.7   -15%  306.7    203.5    51%
Equity Options     994.2   1,946.7 -49%  1,288.7 -23%  13,986.0 18,779.5 -26%
Equity Options ADV 49.7    92.7    -46%  56.0    -11%  60.5     81.6     -26%
Index Options*     18.4    106.0   nm    23.1    -20%  192.4    1,353.3  nm
Index Options ADV* 0.9     5.0     nm    1.0     -9%   0.8      5.9      nm
ETP Options        4,660.8 2,814.0 66%   6,408.5 -27%  56,676.0 26,677.7 112%
ETP Options ADV    233.0   134.0   74%   278.6   -16%  245.4    116.0    112%

*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior
period and year-to-date index options include SPXpm^SM, 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 November 2013 was 1.8 percent, a
0.3-percentage-point increase from November 2012 and a 0.1-percentage-point
decrease from October 2013.

C2 Market Share Current Month                          Year-To-Date
               Nov-13 Nov-12 % Pt. Chg Oct-13 % Pt. Chg Nov-13 Nov-12 % Pt.
                                                                      Chg
Total Exchange 1.8%   1.5%   0.3%      1.9%   -0.1%     1.9%   1.3%   0.6%
Equity Options 0.5%   1.1%   -0.6%     0.6%   -0.1%     0.7%   0.9%   -0.2%
Index Options* 0.1%   0.3%   -0.2%     0.1%   --        0.1%   0.5%   -0.4%
ETP Options    4.8%   2.3%   2.5%      4.7%   0.1%      4.2%   2.1%   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.

CFE Trading Volume and Highlights

  oNovember trading volume in CBOE Volatility Index^® (VIX^® Index) futures
    totaled 2.5 million contracts, a decrease of eight percent from November
    2012 and a decrease of 40 percent from October 2013, which was the second
    highest monthly volume in CFE's history.
  oAverage daily volume in VIX futures during November was 126,141 contracts,
    a decrease of three percent from November 2012 and a decrease of 31
    percent from October.
  oYear to date through November, VIX futures ADV was up 71 percent from the
    same period in 2012.
  oCFE launched the second phase of its extended trading hours (ETH)
    initiative for VIX futures on November 4 – an additional five-hour period
    that opens for trading prior to the previous 7:00 a.m. CT opening time.
    The 2:00 a.m. to 7:00 a.m. CT period benefits U.S. customers seeking
    longer VIX futures trading hours and European-based customers who can now
    trade VIX futures during their local trading hours.

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:                                        Oct-13 Sep-13 Aug-13 Jul-13
Equity Options                                  $0.076 $0.077 $0.081 $0.082
Index Options                                   $0.666 $0.669 $0.671 $0.670
ETP Options                                     $0.124 $0.123 $0.122 $0.121
 Total Options Average Revenue Per Contract $0.278 $0.273 $0.278 $0.282
Futures                                         $1.548 $1.559 $1.533 $1.544
 Total Average Revenue Per Contract         $0.320 $0.315 $0.321 $0.324

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, 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). 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.

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