CBOE Holdings Reports 2013 Consolidated Trading Volume

            CBOE Holdings Reports 2013 Consolidated Trading Volume

-- Second-Best Year for CBOE Holdings Volume

-- CBOE Cash Index, SPX and VIX Options Set All-Time Annual Volume Records

-- CFE and VIX Futures Set Volume Records for Fourth Straight Year

PR Newswire

CHICAGO, Jan. 2, 2014

CHICAGO, Jan. 2, 2014 /PRNewswire/ --CBOE Holdings, Inc. (NASDAQ: CBOE)
reported today that 2013 marked its second-best year in total trading volume
and average daily volume (ADV).

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

CBOE Holdings consolidated trading volume for options contracts on Chicago
Board Options Exchange^® (CBOE^®) and C2 Options Exchange^SM (C2^SM) and
futures contracts on CBOE Futures Exchange^SM (CFE^®) totaled nearly 1.19
billion contracts. Average daily volume (ADV) in 2013 was 4.71 million
contracts, an increase of four percent from 2012.

CBOE reported record ADV of 1.48 million contracts for its cash index options
in 2013, an increase of 22 percent from a year earlier, led by record volume
in CBOE's S&P 500^® Index options (SPX^SM) and CBOE Volatility Index^® (VIX
Index^®) options. SPX ADV was 823,369 contracts, a 19-percent increase from
2012, and VIX options ADV was 567,460 contracts, a 29-percent increase.

CBOE Futures Exchange reported its fourth consecutive year of record trading
in VIX futures in 2013 when VIX futures ADV was 159,498 contracts, up 67
percent from 2012.

CBOE Holdings Consolidated Trading Volume             Year-To-Date
(trades in         Dec-13   Dec-12   %   Nov-13   %   Dec-13      Dec-12      %
thousands)                           Chg          Chg                         Chg
Trading Days       21       20           20           252         250
Total
Contracts      94,805.6 78,594.1 21% 91,904.6 3%  1,187,642.6 1,134,316.7 5%
(options &
futures)
Total Options
Contracts     91,604.4 76,147.6 20% 89,343.2 3%  1,147,449.2 1,110,424.5 3%
(CBOE & C2)
Total Futures      3,201.2  2,446.5  31% 2,561.4  25% 40,193.4    23,892.2    68%
Contracts (CFE)
Total
ADV 4,514.5  3,929.7  15% 4,595.3  -2% 4,712.9     4,537.3     4%
(options &
futures)
Total Options ADV 4,362.1  3,807.4  15% 4,467.2  -2% 4,553.4     4,441.7     3%
(CBOE & C2)
Total Futures      152.4    122.3    25% 128.1    19% 159.5       95.6        67%
ADV (CFE)

CBOE Trading Volume and Market Share

CBOE Volume:

  oCBOE's 2013 ADV was 4.25 million contracts, even with 2012 ADV.
  oDecember ADV was 4.09 million contracts, a 14-percent increase from
    December 2012 and a two-percent decrease from November 2013.

CBOE Trading Volume Current Month                 Year-To-Date
(trades in   Dec-13   Dec-12   %   Nov-13   % Chg Dec-13      Dec-12      %
thousands)                     Chg                                        Chg
Trading Days 21       20           20             252         250
Total        85,875.1 71,937.6 19% 83,669.8 3%    1,070,865.5 1,059,404.1 1%
Exchange
Total        4,089.3  3,596.9  14% 4,183.5  -2%   4,249.5     4,237.6     0%
Exchange ADV
Equity       35,579.9 27,931.0 27% 38,089.9 -7%   419,858.5   473,708.5   -11%
Options
Equity       1,694.3  1,396.5  21% 1,904.5  -11%  1,666.1     1,894.8     -12%
Options ADV
Index        29,487.0 25,628.9 15% 25,911.5 14%   372,455.6   302,878.7   23%
Options
Index        1,404.1  1,281.4  10% 1,295.6  8%    1,478.0     1,211.5     22%
Options ADV
ETP Options  20,808.2 18,377.8 13% 19,668.5 6%    278,551.4   282,816.9   -2%
ETP Options  990.9    918.9    8%  983.4    1%    1,105.4     1,131.3     -2%
ADV

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

CBOE Market Share:

CBOE's December market share of total U.S. options industry volume was 26.8
percent, an increase of 3.8 percentage points from December 2012 and an
increase of 0.2 of a percentage point from November 2013.

CBOE Market Share Current Month                        Year-To-Date
               Dec-13 Dec-12 % Pt.    Nov-13 % Pt. Chg Dec-13 Dec-12 % Pt. Chg
                             Chg
Total Exchange 26.8%  23.0%  3.8%     26.6%  0.2%      26.0%  26.5%  -0.5%
Equity Options 19.8%  16.8%  3.0%     19.9%  -0.1%     18.5%  20.9%  -2.4%
Index Options  97.6%  94.9%  2.7%     97.5%  0.1%      96.6%  94.1%  2.5%
ETP Options    18.9%  15.4%  3.5%     20.3%  -1.4%     19.2%  20.0%  -0.8%

C2 Trading Volume and Market Share

C2 Trading Volume Current Month                        Year-To-Date
(trades in         Dec-13  Dec-12  % Chg Nov-13  % Chg Dec-13   Dec-12   % Chg
thousands)
Trading Days       21      20            20            252      250
Total Exchange     5,729.3 4,210.0 36%   5,673.4 1%    76,583.8 51,020.4 50%
Total Exchange ADV 272.8   210.5   30%   283.7   -4%   303.9    204.1    49%
Equity Options     641.6   1,815.1 -65%  994.2   -35%  14,627.6 20,594.5 -29%
Equity Options ADV 30.6    90.8    -66%  49.7    -39%  58.0     82.4     -30%
Index Options*     20.4    119.3   NM    18.4    11%   212.8    1,472.6  NM
Index Options ADV* 1.0     6.0     NM    0.9     6%    0.8      5.9      NM
ETP Options        5,067.3 2,275.7 123%  4,660.8 9%    61,743.4 28,953.3 113%
ETP Options ADV    241.3   113.8   112%  233.0   4%    245.0    115.8    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 Volume:

  o2013 was a record volume year for C2. ADV was 303,900 contracts, a
    49-percent increase from 2012.
  oDecember ADV was 272,800 contracts – a 30-percent increase from December
    2012 and a four-percent decrease from November 2013.

C2 Market Share:

C2 Market Share Current Month                          Year-To-Date
               Dec-13 Dec-12 % Pt. Chg Nov-13 % Pt.     Dec-13 Dec-12 % Pt.
                                              Chg                    Chg
Total Exchange 1.8%   1.4%   0.4%      1.8%   --        1.9%   1.3%   0.6%
Equity Options 0.4%   1.1%   -0.7%     0.5%   -0.1%     0.6%   0.9%   -0.3%
Index Options  0.1%   0.4%   NM        0.1%   --        0.1%   0.5%   NM
ETP Options    4.6%   1.9%   2.7%      4.8%   -0.2%     4.3%   2.1%   2.2%

C2's December market share of total U.S. options industry volume was 1.8
percent, an increase of 0.4 of a percentage point from December 2012 and even
with November 2013.

*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

CBOE Futures Exchange Trading Volume

  oIn 2013, VIX futures achieved new records in daily, monthly, quarterly and
    annual volumes.
  oThe top ten highest volume trading months in CFE history all occurred
    during 2013. 
  oDecember VIX ADV was 152,155 contracts, a 25-percent increase from
    December 2012 and a 21-percent increase from November 2013.

CBOE Holdings Average Transaction Fee Per Contract

The following represents average transaction fee per contract based on a
three-month rolling average, reported on a one-month lag. The average
transaction fee per contract represents total transaction fees for CBOE, C2,
and CFE recognized for the period divided by total contracts traded during the
period. Average transaction fees 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:                               Nov-13    Oct-13    Sep-13    Aug-13
Equity Options                         $0.076    $0.076    $0.077    $0.081
Index Options                          $0.666    $0.666    $0.669    $0.671
ETP Options                            $0.126    $0.124    $0.123    $0.122
 Total Options Average Revenue Per $0.275    $0.278    $0.273    $0.278
Contract
Futures                                $1.561    $1.548    $1.559    $1.533
 Total Average Revenue Per         $0.315    $0.320    $0.315    $0.321
Contract

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.

Website: http://www.cboe.com
Contact: Media: Gail Osten, (312) 786-7123, osten@cboe.com; Gary Compton,
(312) 786-7612, comptong@cboe.com; Analyst: Debbie Koopman, (312) 786-7136,
koopman@cboe.com
 
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