CBOE Holdings Reports Trading Volume For 2015
-- Total Volume of 1.2 Billion Contracts in 2015
-- Total Index Options, SPX Options at CBOE and VIX Futures at CFE Set Annual Volume Records
-- Total Volume of 90 Million Contracts in December
-- Total Volume of 1.2 Billion Contracts in 2015
-- Total Index Options, SPX Options at CBOE and VIX Futures at CFE Set Annual Volume Records
-- Total Volume of 90 Million Contracts in December
CHICAGO, Jan. 4, 2016 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that consolidated trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE®) totaled 1.2 billion contracts in 2015, a decrease of 11 percent from the record 1.3 billion contracts in 2014. Average daily volume (ADV) was 4.7 million contracts on the year, a decrease of 11 percent from the record 5.3 million contracts per day in 2014.
Several trading records were set at CBOE and CFE during the year. Index options trading at CBOE reached a new all-time high for a third consecutive year, driven by record trading in S&P 500 Index (SPX) options. In addition, trading in CBOE Volatility Index® (VIX®) futures set new records for total volume and ADV for the sixth straight year.
CBOE Holdings Consolidated Trading Volume |
Full Year |
|||||||||
(contracts in thousands) |
Dec 2015 |
Dec 2014 |
% Chg |
Nov 2015 |
% Chg |
2015 |
2014 |
% Chg |
||
Trading Days |
22 |
22 |
20 |
252 |
252 |
|||||
Total Contracts (options & futures) |
90,028.8 |
112,559.9 |
-20% |
82,767.2 |
9% |
1,173,934.2 |
1,325,391.5 |
-11% |
||
Total Options Contracts (CBOE & C2) |
85,495.5 |
107,567.0 |
-21% |
79,286.0 |
8% |
1,122,258.6 |
1,274,776.2 |
-12% |
||
Total Futures Contracts (CFE) |
4,533.4 |
4,992.9 |
-9% |
3,481.2 |
30% |
51,675.5 |
50,615.3 |
2% |
||
Total ADV (options & futures) |
4,092.2 |
5,116.4 |
-20% |
4,138.4 |
-1% |
4,658.5 |
5,259.5 |
-11% |
||
Total Options ADV (CBOE & C2) |
3,886.2 |
4,889.4 |
-21% |
3,964.3 |
-2% |
4,453.4 |
5,058.6 |
-12% |
||
Total Futures ADV (CFE) |
206.1 |
226.9 |
-9% |
174.1 |
18% |
205.1 |
200.9 |
2% |
||
CBOE Trading Volume and Market Share
CBOE Volume
CBOE Volume Records
CBOE Trading Volume Current Month |
Full Year |
|||||||
(contracts in thousands) |
Dec 2015 |
Dec 2014 |
% Chg |
Nov 2015 |
% Chg |
2015 |
2014 |
% Chg |
Trading Days |
22 |
22 |
20 |
252 |
252 |
|||
Total Exchange |
78,798.9 |
100,537.2 |
-22% |
74,221.6 |
6% |
1,043,031.6 |
1,193,388.4 |
-13% |
Total Exchange ADV |
3,581.8 |
4,569.9 |
-22% |
3,711.1 |
-3% |
4,139.0 |
4,735.7 |
-13% |
Equity Options |
26,090.9 |
37,623.4 |
-31% |
29,618.2 |
-12% |
370,122.1 |
476,930.0 |
-22% |
Equity Options ADV |
1,186.0 |
1,710.2 |
-31% |
1,480.9 |
-20% |
1,468.7 |
1,892.6 |
-22% |
Index Options |
32,326.0 |
35,470.3 |
-9% |
28,813.2 |
12% |
406,467.5 |
405,948.2 |
0.1% |
Index Options ADV |
1,469.4 |
1,612.3 |
-9% |
1,440.7 |
2% |
1,613.0 |
1,610.9 |
0.1% |
ETP Options |
20,382.0 |
27,443.6 |
-26% |
15,790.2 |
29% |
266,442.0 |
310,510.1 |
-14% |
ETP Options ADV |
926.5 |
1,247.4 |
-26% |
789.5 |
17% |
1,057.3 |
1,232.2 |
-14% |
CBOE Market Share
CBOE Market Share Current Month |
Full Year |
|||||||
Dec 2015 |
Dec 2014 |
% Pt. Chg |
Nov 2015 |
% Pt. Chg |
2015 |
2014 |
% Pt. Chg |
|
Total Exchange |
23.3% |
28.4% |
-5.1% |
23.0% |
0.3% |
25.2% |
28.0% |
-2.8% |
Equity Options |
16.2% |
20.7% |
-4.5% |
15.8% |
0.4% |
17.0% |
20.4% |
-3.4% |
Index Options |
98.2% |
97.2% |
1.0% |
97.7% |
0.5% |
97.8% |
96.6% |
1.2% |
ETP Options |
14.1% |
20.2% |
-6.1% |
14.9% |
-0.8% |
17.2% |
20.7% |
-3.5% |
C2 Trading Volume and Market Share
C2 Volume
C2 Trading Volume Current Month |
Full Year |
|||||||
(contracts in thousands) |
Dec 2015 |
Dec 2014 |
% Chg |
Nov 2015 |
% Chg |
2015 |
2014 |
% Chg |
Trading Days |
22 |
22 |
20 |
252 |
252 |
|||
Total Exchange |
6,696.5 |
7,029.8 |
-5% |
5,064.4 |
32% |
79,226.9 |
81,387.8 |
-3% |
Total Exchange ADV |
304.4 |
319.5 |
-5% |
253.2 |
20% |
314.4 |
323.0 |
-3% |
Equity Options |
1,543.6 |
1,183.0 |
30% |
1,430.8 |
8% |
22,862.5 |
11,601.0 |
97% |
Equity Options ADV |
70.2 |
53.8 |
30% |
71.5 |
-2% |
90.7 |
46.0 |
97% |
Index Options |
237.5 |
71.8 |
231% |
187.8 |
26% |
1,810.7 |
550.1 |
229% |
Index Options ADV |
10.8 |
3.3 |
231% |
9.4 |
15% |
7.2 |
2.2 |
229% |
ETP Options |
4,915.4 |
5,774.9 |
-15% |
3,445.9 |
43% |
54,553.7 |
69,236.7 |
-21% |
ETP Options ADV |
223.4 |
262.5 |
-15% |
172.3 |
30% |
216.5 |
274.7 |
-21% |
C2 Market Share
C2 Market Share Current Month |
Full Year |
|||||||
Dec 2015 |
Dec 2014 |
% Pt. Chg |
Nov 2015 |
% Pt. Chg |
2015 |
2014 |
% Pt. Chg |
|
Total Exchange |
2.0% |
2.0% |
-- |
1.6% |
0.4% |
1.9% |
1.9% |
-- |
Equity Options |
1.0% |
0.6% |
0.4% |
0.8% |
0.2% |
1.0% |
0.5% |
0.5% |
Index Options |
0.7% |
0.2% |
0.5% |
0.6% |
0.1% |
0.4% |
0.1% |
0.3% |
ETP Options |
3.4% |
4.2% |
-0.8% |
3.3% |
0.1% |
3.5% |
4.6% |
-1.1% |
CBOE Futures Exchange (CFE) Trading Volume
CFE Volume
CBOE Holdings Average Revenue Per Contract
The following represents average revenue per contract based on a three-month rolling average, reported on a one-month lag. The average revenue 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 2015 |
Oct 2015 |
Sept 2015 |
Aug 2015 |
Equity Options |
$0.098 |
$0.105 |
$0.106 |
$0.104 |
Index Options |
$0.718 |
$0.706 |
$0.709 |
$0.703 |
ETP Options |
$0.144 |
$0.146 |
$0.143 |
$0.133 |
Total Options Average Revenue Per Contract |
$0.357 |
$0.370 |
$0.368 |
$0.352 |
Futures |
$1.686 |
$1.662 |
$1.647 |
$1.661 |
Total Average Revenue Per Contract |
$0.417 |
$0.432 |
$0.431 |
$0.416 |
About CBOE Holdings:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (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 options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.
Media Contacts: |
Analyst Contact: |
|
Suzanne Cosgrove |
Gary Compton |
Debbie Koopman |
(312) 786-7123 |
(312) 786-7612 |
(312) 786-7136 |
CBOE-V
CBOE-2
CBOE-EF
CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, The Options InstituteSM and WeeklysSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). 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. All other trademarks and service marks are the property of their respective owners.
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SOURCE CBOE Holdings, Inc.
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