2013 Trading Volume Reaches New All-Time High At CBOE Futures Exchange
- Fourth Consecutive Record Year
- Over 40 Million Contracts Traded
- Several Milestones Achieved During 2013
CHICAGO, Jan. 2, 2014
CHICAGO, Jan. 2, 2014 /PRNewswire/ --The CBOE Futures Exchange, LLC (CFE^®)
today reported that annual trading for total exchange-wide activity and for
futures on the CBOE Volatility Index^® (VIX^® Index) reached new all-time
highs in 2013, with several other trading records set during the year.
For a fourth consecutive year, exchange-wide trading volume at CFE set a new
annual record. The 40.2 million contracts traded in 2013 was an increase of
68 percent from the 23.9 million contracts traded in 2012. Average daily
volume (ADV) at CFE also reached a new high for a fourth straight year in
2013. The 159,498 contracts per day was 67 percent above the ADV of 95,569
contracts in 2012.
Trading volume in VIX futures totaled 39.9 million contracts for the year, a
fourth straight annual volume record, and surpassing the 23.8 million
contracts traded in 2012 by 68 percent. Average daily volume in VIX futures
was 158,508 contracts, also a fourth consecutive annual record, and up 67
percent from 2012.
CFE Monthly Volume Summary Year-To-Date
Dec Dec Nov % Dec Dec %
% Chg Chg Chg
2013 2012 2013 2013 2012
Trading Days 21 20 20 252 250
VIX Index Futures
Total 3,195,262 2,435,618 31% 2,522,828 27% 39,944,022 23,785,831 68%
ADV 152,155 121,781 25% 126,141 21% 158,508 95,143 67%
CFE Total Exchange
Total 3,201,242 2,446,471 31% 2,561,432 25% 40,193,447 23,892,203 68%
ADV 152,440 122,324 25% 128,072 19% 159,498 95,569 67%
December exchange-wide trading volume at CFE totaled 3.2 million contracts, an
increase of 31 percent over December 2012 and an increase of 25 percent over
November. Monthly ADV during December was 152,440 contracts, an increase of
25 percent from a year ago and an increase of 19 percent from the previous
2013 Volume Records and Exchange Highlights
Exchange-Wide Volume Records
Monthly Volume 4,220,447 contracts June 2013
Monthly ADV 211,022 contracts June 2013
Single-Day Volume 452,139 contracts April 15, 2013
Quarterly Volume 11,510,990 contracts Second Quarter, 2013
VIX Futures Volume Records
Monthly Volume 4,213,488 contracts June 2013
Monthly ADV 210,674 contracts June 2013
Single-Day Volume 449,955 contracts April 15, 2013
Quarterly Volume 11,482,647 contracts Second Quarter, 2013
• The top ten highest volume trading months in CFE history all occurred
• Total exchange-wide open interest surpassed the 500,000 contract mark
for the first time ever on January 16, 2013.
• Total exchange-wide monthly volume surpassed four million contracts
traded for the first time in April.
• On June 24, the pricing method for CFE's S&P 500 Variance futures
contract was revised to more closely align with OTC variance swaps.
• On August 2, 2013 year-to-date volume in VIX futures surpassed the
total volume for all of 2012.
• CFE introduced extended trading hours for VIX futures on October 28
(45-minute afternoon session) and November 4 (5-hour early morning session).
• CFE launched trading of futures on the CBOE Russell 2000 Volatility
Index beginning November 18.
About CBOE Futures Exchange
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index
(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: Media Contacts: Gail Osten, (312) 786-7123, firstname.lastname@example.org; or Gary
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