CBOE Futures Exchange Reports July 2014 Trading Volume

- Total CFE Volume: 4.3 Million Contracts

- Second-Busiest Month All-Time

- VIX Futures ADV Up 48% Over Year Ago

News provided by

Aug 01, 2014, 03:27 ET

CHICAGO, Aug. 1, 2014 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE^®) today reported that July 2014 was the second-busiest month all-time for total trading volume exchange-wide at CFE and for futures on the CBOE Volatility Index^® (VIX^®Index).

VIX Futures
Average daily volume in VIX futures was 196,990 contracts during July, an increase of 48 percent from July 2013 and an increase of 13 percent from June 2014. Total volume in VIX futures during July was 4.33 million contracts, up 48 percent from July 2013 and up 19 percent from June 2014. July's total volume stands as the second most-active month all-time, trailing only the 4.4 million contracts in January 2014.

CFE Monthly Volume Summary						Year-To-Date
	July 2014	July 2013	% Chg	June 2014	% Chg	July 2014	July 2013	% Chg
Trading Days	22	22		21		146	146
VIX Index Futures
Total	4,333,778	2,921,386	48%	3,651,762	19%	27,126,722	23,585,093	15%
ADV	196,990	132,790	48%	173,893	13%	185,799	161,542	15%
CFE Total Exchange
Total	4,342,089	2,965,509	46%	3,657,036	19%	27,167,629	23,720,761	15%
ADV	197,368	134,796	46%	174,145	13%	186,080	162,471	15%

Total CFE
Exchange-wide ADV during July was 197,368 contracts, a 46-percent increase from a year ago and a 13-percent increase from June 2014. Exchange-wide total volume during the month was 4.34 million contracts, a 46-percent increase from July 2013 and a 19-percent increase from June 2014. In terms of total volume, July ranks as the second-busiest month all-time, trailing only the 4.4 million contracts traded in January 2014.

VIX Futures 24-Hour Trading
In July, the first full month of nearly 24-hour trading in VIX futures, volume outside of regular U.S. trading hours averaged more than 19,000 contracts per day, accounting for approximately 10 percent of CFE's total daily volume.

On August 1, CFE reported record trading volume in VIX futures during non-U.S. trading hours, with an estimated 68,033 contracts changing hands overnight. Today's record surpassed the previous record in non-U.S. trading hours of 59,505 contracts set on July 10, 2014.

On June 22, CFE expanded VIX futures trading hours to nearly 24 hours a day, five days a week. The trading week for VIX futures at CFE now begins each Sunday at 5:00 p.m. CT and ends each Friday at 3:15 p.m. CT. Monday through Thursday, CFE closes for 15 minutes at 3:15 p.m. CT before the "new" trading day begins at 3:30 p.m. CT. After Friday's 3:15 p.m. CT close, CFE remains closed until the start of the new trading week at 5:00 p.m. CT on Sunday. See CFE Regulatory Circular RG14-017 for additional information.

About CBOE Futures Exchange
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index (VIX Index) futures (VX), CBOE Short-Term Volatility Index (VXST) futures, 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^®, Execute Success^®, CBOE Volatility Index^® and VIX^® are registered trademarks, and CBOE Futures Exchange^SM, CBOE Short-Term Volatility Index^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, , SPX^SM, RVX^SM, VA^SM, VU^SM, VX^SM , VXST^SM and Weeklys^SM 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.