CBOE Holdings Reports February 2016 Trading Volume

CHICAGO, March 1, 2016 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume in February for options contracts on Chicago Board Options Exchange^® (CBOE^®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE^®) was 92.9 million contracts, an increase of 5 percent from February 2015 and a decrease of 10 percent from January 2016. 

Average daily volume (ADV) for the month was 4.6 million contracts, relatively unchanged from February 2015 and down 14 percent from January 2016.      

CBOE Trading Volume and Market Share

CBOE Volume: February  

• CBOE's total volume for the month was 82.3 million contracts, an increase of 3 percent from February 2015. ADV was 4.1 million contracts, a decrease of 2 percent from a year ago. When compared to January 2016's ADV and total volume, February 2016 total volume declined 9 percent and ADV declined 14 percent.
• February ADV in index options increased 26 percent from February 2015, but decreased 13 percent from ADV in January 2016.
• February ADV in equity options decreased 24 percent from February 2015 and 13 percent from January 2016.
• February ADV in exchange-traded product (ETP) options was unchanged from February 2015 and fell 17 percent from January 2016.
• Expanded volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Market Share: February    

• CBOE's market share of total U.S. options industry volume was 24.8 percent in February, a decrease of 0.1 percentage points from January 2016 and 1.5 percentage points from February 2015.

C2 Trading Volume and Market Share

C2 Volume: February

• C2's ADV for the month was 324,653 contracts and total volume was 6.5 million contracts, an increase of 9 percent and 15 percent, respectively, from February 2015.
• When compared to January 2016's ADV and total volume, February 2016 ADV declined 12 percent and total volume declined 7 percent.

C2 Market Share: February

• C2's market share of total industry volume in February was 2 percent, an increase of 0.1 percentage points from January 2016 and from February 2015.

CBOE Futures Exchange (CFE) Trading Volume

CFE Volume: February    

• Total ADV at CFE was 204,624 contracts in February, an increase of 23 percent from February 2015 and a decrease of 25 percent from January 2016. Total volume at CFE for the month was 4.1 million contracts, up 29 percent from total volume a year ago and down 21 percent from January 2016.

CBOE Holdings Average Revenue Per Contract 

The following represents average revenue per contract based on a three-month rolling average, reported on a one-month lag. The average revenue per contract represents total transaction fees for CBOE, C2, and CFE recognized for the period divided by total contracts traded during the period. Average transaction fees per contract can be affected by various factors, including exchange fee rates, volume-based discounts and transaction mix by contract type and product type.

About CBOE Holdings:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE), and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option.  Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.

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CBOE^®, Chicago Board Options Exchange^®, CFE^®, Execute Success^®, FLEX^®, Livevol^®, CBOE Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM, BXM^SM, CBOE Futures Exchange^SM, The Options Institute^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.

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SOURCE CBOE Holdings, Inc.

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