CBOE Futures Exchange Reports September 2014 Trading Volume

- VIX Futures Volume Increases 27% Over Year Ago

- Trading Activity During Third Quarter Sets Records

- Extended Trading Hours Accounts for Nearly 9% of Total Volume

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Oct 01, 2014, 03:03 ET

CHICAGO, Oct. 1, 2014 /PRNewswire/ -- CBOE Futures Exchange, LLC (CFE^®) today reported that September 2014 average daily volume (ADV) and total trading volume, both exchange-wide at CFE and for futures on the CBOE Volatility Index^® (VIX^®Index), rose over year-ago levels, while the third quarter of 2014 experienced record trading activity.

VIX Futures
Average daily volume in VIX futures was 178,531 contracts during September, an increase of 21 percent from September 2013 and a decrease of 18 percent when compared to the record ADV in August 2014. Total volume in VIX futures was 3.75 million contracts during September, up 27 percent from September 2013 and down 18 percent from the record total volume in August 2014.

CFE Monthly Volume Summary						Year-To-Date
	September 2014	September 2013	% Chg	August 2014	% Chg	September 2014	September 2013	% Chg
Trading Days	21	20		21		188	188
VIX Index Futures
Total	3,749,156	2,960,789	27%	4,556,926	-18%	35,432,804	30,034,031	18%
ADV	178,531	148,039	21%	216,996	-18%	188,472	159,755	18%
CFE Total Exchange
Total	3,758,849	2,976,648	26%	4,566,239	-18%	35,492,717	30,225,081	17%
ADV	178,993	148,832	20%	217,440	-18%	188,791	160,772	17%

Total CFE
September exchange-wide ADV was 178,993 contracts, a 20-percent increase from a year ago and an 18-percent decrease from the record daily volume in August 2014. Exchange-wide total volume during the month was 3.76 million contracts, a 26-percent increase from September 2013 and an 18-percent decrease from August 2014's record total volume.

Third Quarter 2014
A record total of 12.67 million contracts traded at CFE during the third quarter of 2014, up 34 percent compared to the third quarter a year ago and up 21 percent versus the second quarter of 2014. The new high set this quarter surpassed the previous record of 12.39 million contracts in the first quarter of 2014.

The 12.64 million total VIX futures contracts traded during the third quarter of 2014 was also a new record. Third quarter total volume for VIX futures was up 35 percent compared to the third quarter of 2013 and up 21 percent versus the second quarter of 2014. The new high eclipsed the previous record of 12.38 million contracts in the first quarter of 2014.

VIX Futures 24-Hour Trading
In September, trading volume in VIX futures outside of regular U.S. trading hours totaled 322,108 contracts, with an average of 15,338 contracts per trading day, accounting for approximately nine percent of CFE's total daily volume.

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
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