VIX Futures Trading Volume Increases to Annual Record, CBOE Says

Total volume in futures on the Chicago Board Options Exchange Volatility Index rose to a record 23.79 million in 2012, up from 12.03 million the year before, according to the CBOE Futures Exchange.

Daily futures trading on the gauge known as the VIX (VIX) set a record today. The bourse said 221,323 contracts were traded, exceeding the previous record of 212,800 on Dec. 31. Average daily volume for the contracts was more than 95,000 in 2012 compared with 47,730 in 2011.

The VIX, the gauge of Standard & Poor’s 500 Index option prices, fell 19 percent to 14.68 in New York today, slumping 35 percent in two days, the most ever.

CBOE Futures Exchange is a unit of Chicago-based CBOE Holdings Inc. (CBOE), which has the sole license to trade futures on the CBOE Volatility Index.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

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