VIX Futures Trading Volume Rose 53% In July Nearly Three Million Contracts Traded During the Month

CHICAGO, Aug. 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) announced today that July 2013 trading volume for futures on the CBOE Volatility Index® (VIX®) increased 53 percent over July 2012, while year-to-date volume through the end of July has nearly surpassed the total volume for all of 2012. 

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VIX Futures
July trading volume in VIX futures totaled 2,921,386 contracts, an increase of 53 percent over July's total in 2012 and a decrease of 31 percent from the all-time monthly record sent in June. 

Average daily volume in VIX futures during July was 132,790 contracts, an increase of 46 percent over July 2012 and a decrease of 37 percent from June's all-time monthly high.     

Year-to-date trading volume in VIX futures is outpacing last year by 99 percent. Through the end of July, a total of 23,585,093 VIX futures contracts have traded, just shy of 2012's record annual volume of 23,785,831 contracts.

CFE Monthly Volume Summary

Year-To-Date


July

 2013

July  2012

% Chg

June

 2013

% Chg

July

2013

July

2012

% Chg

Trading Days

22

21


20


146

146


VIX Index Futures

     Total

2,921,386

1,913,951

+53%

4,213,488

-31%

23,585,093

11,862,162

+99%

     ADV

132,790

91,141

+46%

210,674

-37%

161,542

81,248

+99%

CFE Total Exchange

     Total

2,965,509

1,919,071

+55%

4,220,447

-30%

23,720,761

11,925,869

+99%

     ADV

134,796

91,384

+48%

211,022

-36%

162,471

81,684

+99%










Total CFE
July exchange-wide trading volume at CFE totaled 2,965,509 contracts, an increase of 55 percent over July 2012 and a decrease of 30 percent from June's record volume.  The seven most-active trading months in CFE history have occurred during the first seven months of 2013:  June, April (4,069,630 contracts), March (3,228,874 contracts), May (3,220,913 contracts), February (3,087,775 contracts), July and January (2,927,613 contracts).  

Exchange-wide monthly ADV during July was 134,796 contracts, an increase of 48 percent over a year ago and a decrease of 36 percent from June's record ADV.    

VIX Futures Expanded Trading Hours
This week, CFE announced that the first phase of its previously announced plans to expand VIX futures trading hours will begin in late September, with the second phase to begin in the weeks that follow.

The first phase of the expanded trading hours initiative is designed to meet demand from U.S. customers for a post-settlement trading period by adding a 45-minute trading session to the current trading hours for VIX futures (7:00 a.m. to 3:15 p.m. CT).  Fifteen minutes after the 3:15 p.m. close of VIX futures, the market will reopen for a new trading period from 3:30 p.m. to 4:15 p.m. CT. The new 45-minute period, which marks the beginning of the next trading day, will be available from Monday through Thursday.

The second phase of the expanded trading hours initiative will allow European-based customers to trade VIX futures during their local trading hours by beginning the current trading session five hours earlier than its current opening time of 7:00 a.m. CT, with trading to begin at 2:00 a.m. CT (8:00 a.m. London time). The new five-hour period will be available from Monday through Friday.

Complete information on the expanded trading hours initiative can be found in CFE Information Circular IC13-029 at http://cfe.cboe.com/aboutcfe/legal/infocirc.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). 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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