2013 Trading Volume Reaches New All-Time High At CBOE Futures Exchange

- Fourth Consecutive Record Year

- Over 40 Million Contracts Traded

- Several Milestones Achieved During 2013

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Jan 02, 2014, 04:15 ET

CHICAGO, Jan. 2, 2014 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE^®) today reported that annual trading for total exchange-wide activity and for futures on the CBOE Volatility Index^® (VIX^®Index) reached new all-time highs in 2013, with several other trading records set during the year.

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2013 Volume
For a fourth consecutive year, exchange-wide trading volume at CFE set a new annual record. The 40.2 million contracts traded in 2013 was an increase of 68 percent from the 23.9 million contracts traded in 2012. Average daily volume (ADV) at CFE also reached a new high for a fourth straight year in 2013. The 159,498 contracts per day was 67 percent above the ADV of 95,569 contracts in 2012.

Trading volume in VIX futures totaled 39.9 million contracts for the year, a fourth straight annual volume record, and surpassing the 23.8 million contracts traded in 2012 by 68 percent. Average daily volume in VIX futures was 158,508 contracts, also a fourth consecutive annual record, and up 67 percent from 2012.

CFE Monthly Volume Summary						Year-To-Date
	Dec 2013	Dec 2012	% Chg	Nov 2013	% Chg	Dec 2013	Dec 2012	% Chg
Trading Days	21	20		20		252	250
VIX Index Futures
Total	3,195,262	2,435,618	31%	2,522,828	27%	39,944,022	23,785,831	68%
ADV	152,155	121,781	25%	126,141	21%	158,508	95,143	67%
CFE Total Exchange
Total	3,201,242	2,446,471	31%	2,561,432	25%	40,193,447	23,892,203	68%
ADV	152,440	122,324	25%	128,072	19%	159,498	95,569	67%

December Trading
December exchange-wide trading volume at CFE totaled 3.2 million contracts, an increase of 31 percent over December 2012 and an increase of 25 percent over November. Monthly ADV during December was 152,440 contracts, an increase of 25 percent from a year ago and an increase of 19 percent from the previous month.

2013 Volume Records and Exchange Highlights

Exchange-Wide Volume Records
Monthly Volume	4,220,447 contracts	June 2013
Monthly ADV	211,022 contracts	June 2013
Single-Day Volume	452,139 contracts	April 15, 2013
Quarterly Volume	11,510,990 contracts	Second Quarter, 2013
VIX Futures Volume Records
Monthly Volume	4,213,488 contracts	June 2013
Monthly ADV	210,674 contracts	June 2013
Single-Day Volume	449,955 contracts	April 15, 2013
Quarterly Volume	11,482,647 contracts	Second Quarter, 2013
Exchange Highlights
• The top ten highest volume trading months in CFE history all occurred during 2013.
• Total exchange-wide open interest surpassed the 500,000 contract mark for the first time ever on January 16, 2013.
• Total exchange-wide monthly volume surpassed four million contracts traded for the first time in April.
• On June 24, the pricing method for CFE's S&P 500 Variance futures contract was revised to more closely align with OTC variance swaps.
• On August 2, 2013 year-to-date volume in VIX futures surpassed the total volume for all of 2012.
• CFE introduced extended trading hours for VIX futures on October 28 (45-minute afternoon session) and November 4 (5-hour early morning session).
• CFE launched trading of futures on the CBOE Russell 2000 Volatility Index beginning November 18.

About CBOE Futures Exchange
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index (VIX Index) futures (VX), Mini-VIX futures (VM), S&P 500 Variance futures (VA), CBOE NASDAQ-100 Volatility Index (VXN) futures (VN), CBOE Russell 2000 Volatility Index (RVX) futures (VU), 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 Exchange^SM, CBOE Nasdaq-100 Volatility Index^SM, VXN^SM, VN^SM, CBOE Brazil ETF Volatility Index^SM, VXEW^SM, VXEWZ^SM, CBOE Crude Oil ETF Volatility Index^SM, OVX^SM, OV^SM, CBOE Emerging Markets ETF Volatility Index^SM, VXEM^SM, VXEEM^SM, CBOE Gold ETF Volatility Index^SM, GVZ^SM, GV^SM, RVX^SM, VA^SM, VM^SM, VU^SM, VX^SM 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).