CBOE Futures Exchange, LLC Experiences Ninth Consecutive Month of Year-Over-Year Volume Increases,

CHICAGO, July 1 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE) today announced that June 2010 trading volume totaled 261,441 contracts, compared to 66,254 contracts during June 2009.  June marked the ninth consecutive month in which total volume registered an increase when comparing year-over-year trading activity.  June's volume declined 46 percent from the record 481,650 contracts that traded during May 2010.  

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June's average daily volume (ADV) of 11,883 contracts exceeded the year-ago ADV of 3,012 contracts.  When compared to CFE's all-time high for monthly ADV of 24,082 contracts during May, June's ADV was down 51 percent.    

Driven by the three most-active trading months in CFE history, the second quarter of 2010 was the busiest quarter ever for CFE as a total of 1,039,632 contracts traded during April, May and June – respectively, the second, first and third highest volume months ever at CFE.  Second quarter 2010 surpassed the 626,690 contracts during the first three months of 2010, the previous record quarter, by 66 percent and significantly surpassed the 169,606 contracts traded during the second quarter 2009.  For the first time, quarterly trading volume at CFE topped the one million contract benchmark during the second quarter of 2010.    

CFE's YTD trading volume of 1,666,322 contracts has already surpassed the total of 1,155,318 contracts for all of 2009.  Year-to-date ADV is 13,438 contracts, versus the 2,440 contracts per day in 2009.  

June volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 260,665 contracts traded, ahead of the 65,007 contracts in June 2009, but off 46 percent from the record 479,467 contracts in May.  ADV in VIX futures during June was 11,848 contracts, compared to the 2,955 contracts per day a year ago and the 23,973 contracts per day from the previous month.    

Volume in CBOE mini-VIX futures (ticker VM) totaled 760 contracts for the month, a decline of 37 percent from the 1,202 contracts traded in June 2009 and down 65 percent from the 2,164 contracts traded the previous month.  CBOE mini-VIX futures contracts are one-tenth the size of CFE's standard CBOE VIX futures contract.  Additional information on mini-VIX futures can be found at: http://cfe.cboe.com/Products/Products_VM.aspx.

CFE currently offers futures on four different contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE S&P 500 3-Month Variance (VT) and CBOE S&P 500 12-Month Variance (VA).  

CFE, a wholly owned subsidiary of CBOE Holdings, Inc., offers an all-electronic, open-access market model, with traders providing liquidity and making markets.  CFE trades are cleared by the AAA-rated Options Clearing Corporation (OCC). CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).  

More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.

CBOE®, Chicago Board Options Exchange®, CBOE Volatility Index® and VIX® are registered trademarks of Chicago Board Options Exchange, Incorporated.   CFE® is a registered trademark and CBOE Futures Exchange(SM) is a service mark of CBOE Futures Exchange, LLC.  S&P®, S&P 100®, S&P 500®, and SPDR are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement.

This press release contains statements which may be considered forward- looking statements within the meaning of the Securities Exchange Act of 1934, including, without limitation, statements regarding operating strategies, future plans and financial results. Forward-looking statements may be accompanied by words such as "anticipate", "believe", "could", "estimate", "expect", "forecast", "intend", "may", "possible", "predict", "project" or similar words, phrases or expressions. The Company does not undertake any obligation to update the information contained herein, which speaks only as of the date of this press release.  More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 under the heading "Forward-Looking Statements" and/or "Risk Factors". Such discussions regarding risk factors and forward-looking statements are incorporated herein by reference.

SOURCE CBOE Futures Exchange, LLC