2014

Trading Volume In VIX Futures Reaches New All-Time High for Third Consecutive Month -Total Monthly Volume Rises 64% Year-Over-Year

-Tops Three Million Contracts For Second Straight Month

CHICAGO, April 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) announced today that March 2013 was the third consecutive month in which total volume in futures on the CBOE Volatility Index® (VIX®) and total exchange-wide trading reached new all-time highs.

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VIX Futures
A record 3,220,977 VIX futures contracts traded during March, exceeding the 3,062,344 contracts traded in February, the previous record, by five percent.  February and March are the first two months in CFE history to register more than three million VIX futures contracts traded.  When compared to the 1,963,893 contracts traded a year ago, March's volume rose by 64 percent. 

Monthly average daily volume (ADV) in VIX futures during March was 161,049 contracts, topping the 89,268 contracts per day in March 2012 by 80 percent and was essentially unchanged from February's record ADV of 161,176 contracts.  

CFE Monthly Volume Summary




Year-To-Date




March 2013

March 2012


Chg

February 2013

% Chg

March 
2013

March 2012


Chg

Trading Days

20

22


19


60

62


VIX Index Futures









     Total

3,220,977

1,963,893

64%

3,062,344

5%

9,181,060

4,111,148

123%

     ADV

161,049

89,268

80%

161,176

0%

153,018

66,309

131%

CFE Total Exchange









     Total

3,228,874

1,971,563

64%

3,087,775

5%

9,244,262

4,123,587

124%

     ADV

161,444

89,617

80%

162,514

-1%

154,071

66,509

132%

Total CFE
For a third straight month, total volume at CFE set a new record as 3,228,874 contracts traded.  March's volume was an increase of 64 percent from the March 2012 volume of 1,971,563 contracts and a gain of five percent from the 3,087,775 contracts traded during February, the previous high. March marked the second consecutive month that total volume at CFE exceeded three million contracts traded.     

Exchange-wide monthly ADV during March was 161,444 contracts, up 80 percent from March 2012 ADV of 89,617 contracts and down just one percent from the record ADV of 162,514 contracts in February.   

First Quarter 2013
In VIX futures trading, total volume for the first quarter of 2013 was a record 9,181,060 contracts, surpassing the previous high of 7,613,774 total contracts during the fourth quarter of 2012 by 21 percent and up 123 percent from the 4,111,148 contracts traded during the first quarter of 2012.  VIX futures ADV during the first quarter was a record 153,018 contracts, compared with 122,803 contracts in the previous quarter (4Q 2012) and 66,309 contracts in the same quarter from a year ago (1Q 2012). 

Exchange-wide, total volume for the first quarter of 2013 was a new high of 9,244,262 contracts, a fifth consecutive record quarter. The trading volume during the three months from January through March surpassed the previous high of 7,640,062 total contracts during the fourth quarter of 2012 by 21 percent and gained 124 percent from the 4,123,587 contracts traded during the first quarter of 2012. ADV during the first quarter was a record 154,071 contracts, compared with 123,227 contracts in the previous quarter (4Q 2012) and 66,509 contracts in the same quarter from a year ago (1Q 2012). 

On February 1, CFE's London Hub became operational.  The Hub is a cross connection (telephone switch and communication lines) from the Equinix facility in England to the CBOE Command Center at the Equinix facility in New Jersey.  For more information on the London Hub, go to http://cfe.cboe.com/aboutcfe/londonhub.aspx.

About CBOE Futures Exchange
CBOE Futures Exchange currently offers nine 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), CBOE Brazil ETF Volatility Index (VXEWZ) security futures (VXEW) and Radar Logic 25-Metropolitan Statistical Area (MSA) RPX Composite Index futures (RPXCP).

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). 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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