CBOE Futures Exchange Reports Record Trading Volume For 2014
- New All-Time Highs for Exchange-Wide, VIX Futures Trading
- Fifth Consecutive Record Year for VIX Futures
- Over 50 Million VIX Futures Contracts Traded
- Several Records Achieved During 2014
CHICAGO, Jan. 5, 2015 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) today reported that annual trading volume for total exchange-wide activity and for futures on the CBOE Volatility Index® (VIX® Index) reached new all-time highs in 2014, with multiple trading records set during the year.
2014 Volume
For a fifth consecutive year, trading volume in VIX futures set a new annual record. The 50.5 million contracts traded in 2014 was an increase of 27 percent from the 39.9 million contracts in 2013, the previous record. Average daily volume (ADV) in VIX futures was 200,521 contracts, also a fifth consecutive annual record, and up 27 percent from the ADV of 158,508 contracts in 2013. New records were set during the year for single-day, weekly, monthly, quarterly and annual trading volumes for VIX futures.
Exchange-wide trading volume at CFE also set a new annual record in 2014 with 50.6 million contracts, up 26 percent from 2013. Average daily volume at CFE reached a new high for a fifth straight year in 2014 with 200,854 contracts per day, up 26 percent from 2013's ADV.
| CFE Monthly Volume Summary |
Full Year |
|||||||
| December 2014 |
December 2013 |
% Chg |
November 2014 |
% Chg |
2014 |
2013 |
% Chg |
|
| Trading Days |
22 |
21 |
19 |
252 |
252 |
|||
| VIX Index Futures |
||||||||
| Total |
4,985,882 |
3,195,262 |
56% |
2,666,173 |
87% |
50,531,366 |
39,944,022 |
27% |
| ADV |
226,631 |
152,155 |
49% |
140,325 |
62% |
200,521 |
158,508 |
27% |
| CFE Total Exchange |
||||||||
| Total |
4,992,899 |
3,201,242 |
56% |
2,670,992 |
87% |
50,615,305 |
40,193,447 |
26% |
| ADV |
226,950 |
152,440 |
49% |
140,579 |
61% |
200,854 |
159,498 |
26% |
2014 VIX Futures Volume Records and Exchange Highlights
| VIX Futures Volume Records |
||
| Annual Volume |
50,531,366 contracts |
2014 |
| Annual ADV |
200,521 contracts |
2014 |
| Monthly Volume |
7,446,507 contracts |
October 2014 |
| Monthly ADV |
323,761 contracts |
October 2014 |
| Single-Day Volume |
791,788 contracts |
October 15, 2014 |
| Weekly Volume |
2,783,219 contracts |
October 13 – 17, 2014 |
| Quarterly Volume |
15,098,562 contracts |
Fourth Quarter, 2014 |
| Exchange Highlights |
||
| · The top five -- and seven of the top ten -- highest volume trading months in CFE history occurred during 2014. |
||
| · On February 13, CFE launched trading of futures with weekly expirations on the CBOE Short-Term Volatility Index (VXST). |
||
| · On June 22, CFE expanded trading of VIX futures to nearly 24 hours a day, five days a week. |
||
| · Total VIX futures volume during non-U.S. trading hours was approximately 4.3 million contracts, which represented nearly nine percent of total CFE volume. |
||
| · A record 70,168 VIX futures contracts traded in non-U.S. trading hours for the October 16 business day. |
||
| · On November 13, CFE launched futures trading on the CBOE/CBOT 10-year U.S Treasury Note Volatility Index (VXTYN). |
||
December Trading
December trading volume in VIX futures totaled 4.99 million contracts, an increase of 56 percent over December 2013 and an increase of 87 percent from November 2014. VIX futures ADV during the month was 226,631 contracts, up 49 percent from a year ago and up 62 percent from the previous month. December exchange-wide volume at CFE totaled 4.99 million contracts, an increase of 56 percent over December 2013 and an increase of 87 percent over November. Exchange-wide ADV during December was 226,950 contracts.
Fourth Quarter 2014
A record total of 15.10 million VIX futures contracts traded during the fourth quarter of 2014, an increase of 52 percent over the 9.91 million contracts in the fourth quarter of 2013 and an increase of 19 percent versus the 12.64 million contracts in the third quarter of 2014, the previous high.
The 15.12 million total contracts traded at CFE during the fourth quarter of 2014 was also a new record. Fourth quarter exchange-wide volume was up 52 percent compared to the fourth quarter a year ago and up 19 percent versus the third quarter of 2014.
About CBOE Futures Exchange
CBOE Futures Exchange currently offers ten contracts: CBOE Volatility Index (VIX Index) futures (VX), CBOE Short-Term Volatility Index (VXST) futures (VSW), S&P 500 Variance futures (VA), CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (VXTYN) futures (VXTY), 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®, VIX® and VXTYNâ are registered trademarks, and CBOE Futures ExchangeSM, CBOE Short-Term Volatility IndexSM, U.S. Treasury Note Volatility IndexSM, 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, CBOE Russell 2000 Volatility IndexSM, RVXSM, VASM, VUSM, VXSM and VXSTSM 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. Nasdaq® and Nasdaq-100® are registered trademarks of The Nasdaq Stock Market, Inc. and have been licensed for use by CBOE and CFE.
CBOT is a trademark of CME Group, Inc. (CME). CBOE has, with the permission of CME, used such trademark in the CBOE/CBOT 10 Year U.S. T-Note Volatility Index. CME makes no representation regarding the advisability of investing in any investment product that is based on such index.
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SOURCE CBOE Futures Exchange, LLC
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