CBOE Futures Exchange Reports November Trading Volume
- Over 2.5 Million Contracts Traded
- Phase II of Extended Trading Hours Launched
- Futures on Russell 2000 Volatility Index Listed
CHICAGO, Dec. 2, 2013
CHICAGO, Dec. 2, 2013 /PRNewswire/ --The CBOE Futures Exchange, LLC (CFE^®)
today reported November 2013 trading volume for total exchange-wide activity
and for futures on the CBOE Volatility Index^® (VIX^® Index). Additionally,
the second phase of the expansion of extended trading hours for VIX futures
successfully launched during the month and futures on the CBOE Russell 2000^®
Volatility Index were listed.
November trading volume in VIX futures totaled 2.5 million contracts, a
decrease of eight percent from November 2012 and a decrease of 40 percent from
October, which was the second busiest month all-time. Average 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.
CFE Monthly Volume Summary Year-To-Date
Nov Nov % Oct Nov Nov %
Chg % Chg Chg
2013 2012 2013 2013 2012
Trading Days 20 21 23 231 230
VIX Index Futures
Total 2,522,828 2,734,248 -8% 4,191,901 -40% 36,748,760 21,350,213 72%
ADV 126,141 130,202 -3% 182,257 -31% 159,086 92,827 71%
CFE Total Exchange
Total 2,561,432 2,744,177 -7% 4,205,692 -39% 36,992,205 21,445,732 72%
ADV 128,072 130,675 -2% 182,856 -30% 160,139 93,242 72%
November exchange-wide trading volume at CFE totaled nearly 2.6 million
contracts, a decrease of seven percent from November 2012 and a decrease of 39
percent from October. Monthly ADV during November was 128,072 contracts, a
decrease of two percent from a year ago and a decrease of 30 percent from
VIX Futures Extended Trading Hours
The second phase of the expansion of extended trading hours (ETH) for VIX
futures successfully launched on November 4. Phase II introduced an
additional five-hour period prior to the previous opening time of 7:00 a.m.
CT. This 2:00 a.m. to 7:00 a.m. CT period benefits U.S. customers seeking
longer hours for trading in VIX futures and European-based customers who now
have the opportunity to trade VIX futures during their local trading hours.
Phase I of the expansion of extended trading hours for VIX futures, which
added a 45-minute trading period -- from 3:30 p.m. to 4:15 p.m. CT -- after
the current close of trading hours for VIX futures at 3:15 p.m. CT, launched
on October 28.
CBOE Russell 2000 Volatility Index Futures
Beginning on November 18, CFE listed futures contracts on the CBOE Russell
2000^® Volatility Index (ticker: VU).
The CBOE Russell 2000 Volatility Index (RVX^SM Index) is an up-to-the-minute
market estimate of the expected 30-day volatility of the Russell 2000^® Index
(RUT), the premier measure of the performance of small-capitalization U.S.
stocks. The calculation of the RVX Index is based on the CBOE Volatility
Index (VIX) methodology applied to real-time bid/ask quotes of RUT options
that are listed on CBOE.
Used on their own or in combination with other CBOE volatility index products,
CBOE Russell 2000 Volatility Index futures allow customers to hedge, diversify
or take a directional view on volatility in the small-cap market sector. For
more information on the CBOE Russell 2000 Volatility Index and products, 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 Russell 2000
Volatility Index (RVX) futures (VU), 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) and CBOE Brazil ETF Volatility Index (VXEWZ) security futures
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, RVX^SM, VA^SM, VM^SM, VU^SM, VX^SM are
service marks of Chicago Board Options Exchange, Incorporated (CBOE). 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 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
SOURCE CBOE Futures Exchange, LLC
Contact: Gail Osten, (312) 786-7123, email@example.com, Gary Compton, (312)
786-7612, firstname.lastname@example.org , Analyst Contact: Debbie Koopman, (312) 786-7136,
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