CBOE Futures Exchange Reports October Trading Volume
-- Over Four Million Contracts Traded
-- Extended Trading Hours for VIX Futures Launched
CHICAGO, Nov. 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) today reported October 2013 trading volume for total exchange-wide activity and for futures on the CBOE Volatility Index® (VIX®). Additionally, the exchange said Phase I of the expansion of extended trading hours for VIX futures successfully launched during the month.
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VIX Futures
October trading volume in VIX futures totaled 4.19 million contracts, a 72 percent increase from October 2012 and a 42 percent increase from the previous month. October was the second most-active month all-time for VIX futures trading, trailing only the 4.21 million total contracts traded in June 2013. Average daily volume in VIX futures during October was 182,257 contracts, a 57 percent increase from October 2012 and a 23 percent increase from September.
| CFE Monthly Volume Summary |
Year-To-Date |
|||||||
| Oct 2013 |
Oct 2012 |
% Chg |
Sept 2013 |
% Chg |
Oct 2013 |
Oct 2012 |
% Chg |
|
| Trading Days |
23 |
21 |
20 |
211 |
209 |
|||
| VIX Index Futures |
||||||||
| Total |
4,191,901 |
2,443,878 |
72% |
2,960,789 |
42% |
34,225,932 |
18,615,965 |
84% |
| ADV |
182,257 |
116,375 |
57% |
148,039 |
23% |
162,208 |
89,072 |
82% |
| CFE Total Exchange |
||||||||
| Total |
4,205,692 |
2,449,436 |
72% |
2,976,648 |
41% |
34,430,773 |
18,701,555 |
84% |
| ADV |
182,856 |
116,640 |
57% |
148,832 |
23% |
163,179 |
89,481 |
82% |
Total CFE
October exchange-wide trading volume at CFE totaled 4.21 million contracts, a 72 percent increase from October 2012 and a 41 percent increase from September. Monthly ADV during October was 182,856 contracts, a 57 percent increase from a year ago and a 23 percent increase from September.
VIX Futures Extended Trading Hours
CFE successfully launched Phase I of the expansion of extended trading hours (ETH) for VIX futures on Monday, October 28. Phase I added a 45-minute trading period, from 3:30 p.m. to 4:15 p.m. Chicago time, after the current close of trading hours for VIX futures at 3:15 p.m. CT. This 45-minute period was designed to respond to demand from both U.S. and European customers for a post-settlement trading period. For the first four days, volume in that ETH period totaled 3,577 contracts.
Phase II of the expansion of extended trading hours for VIX futures will launch on Monday, November 4, when trading will begin five hours earlier than the current opening time of 7:00 a.m. CT. The new 2:00 a.m. CT opening time will benefit U.S. customers who are seeking longer hours for trading in VIX futures and European-based customers who will now have the opportunity to trade VIX futures during their local trading hours.
For additional information, visit http://cfe.cboe.com/tradecfe/ETH.aspx.
About CBOE Futures Exchange
CBOE Futures Exchange currently offers eight 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 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 (VXEW).
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-EF
CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, CBOE Nasdaq-100 Volatility IndexSM, VXNSM, VNSM, CBOE Brazil ETF Volatility IndexSM, VXEWSM, VXEWZSM, CBOE Crude Oil ETF Volatility IndexSM, OVXSM, OVSM, CBOE Emerging Markets ETF Volatility IndexSM, VXEMSM, VXEEMSM, CBOE Gold ETF Volatility IndexSM, GVZSM, GVSM, VMSMand VXSM 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 PRODUCT(S). All other trademarks and service marks are the property of their respective owners.
SOURCE CBOE Futures Exchange, LLC
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