CBOE Holdings Reports May 2016 Trading Volume
- Total Index Options ADV Up 8% from May 2015
- VIX Futures ADV Up 31% from May 2015
- SPX Options ADV Up 13% from May 2015
CHICAGO, June 1, 2016 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that May average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2), and futures contracts traded on CBOE Futures Exchange (CFE®) was 4.3 million contracts, an increase of 2 percent from April 2016 and relatively unchanged from May 2015.
Trading Volume Highlights: May
- Index options traded at CBOE had an ADV of 1.5 million contracts in May, an increase of 8 percent from May 2015.
- S&P 500® Index (SPX) options were the most actively traded index options for the month with an ADV of 899,006 contracts, up 13 percent from the 796,634 contracts traded in May 2015.
- CBOE Volatility Index® (VIX® Index) options at CBOE had a May ADV of 527,948 contracts, up 3 percent from the 513,842 contracts traded in May 2015.
- VIX futures traded on CFE had a May ADV of 229,267 contracts, up 31 percent from a year ago.
- May VIX futures ADV in extended trading hours (ETH) at CFE was 23,360 contracts, representing 10 percent of all CFE ADV for the month, compared with 8 percent in May 2015.
Business Developments: May
- On May 23, CBOE Holdings announced that it made a minority equity investment in Eris Exchange Holdings, LLC, a U.S.-based futures exchange group offering swap futures as a capital-efficient alternative to over-the-counter (OTC) swaps, press release.
- CBOE Holdings announced the shareholder voting results from its 2016 Annual Meeting on May 19. William M. Farrow III is a new member of the board of directors, while Chairman William Brodsky announced he does not intend to be a candidate for director in 2017, press release.
CBOE Holdings Trading Volume Tables: May
| CBOE Holdings Consolidated Trading Volume Current Month |
Year-To-Date |
|||||||
| (contracts in thousands) |
May |
May |
% |
Apr |
% |
May |
May |
% |
| Trading Days |
21 |
20 |
21 |
103 |
102 |
|||
| Total Contract |
89,421.9 |
85,286.9 |
5% |
87,810.2 |
2% |
468,481.1 |
467,397.6 |
--- |
| Total Options Contracts |
84,605.8 |
81,787.5 |
3% |
83,204.7 |
2% |
445,857.8 |
449,083.6 |
-1% |
| Total Futures Contracts |
4,816.1 |
3,499.4 |
38% |
4,605.5 |
5% |
22,623.3 |
18,314.0 |
24% |
| Total ADV |
4,258.1 |
4,264.4 |
--- |
4,181.4 |
2% |
4,548.3 |
4,582.2 |
-1% |
| Total Options ADV |
4,028.8 |
4,089.4 |
-1% |
3,962.1 |
2% |
4,328.7 |
4,402.8 |
-2% |
| Total Futures ADV |
229.3 |
175.0 |
31% |
219.3 |
5% |
219.6 |
179.4 |
22% |
| CBOE Trading Volume Current Month* |
Year-To-Date |
|||||||
| (contracts in thousands) |
May |
May |
% |
Apr |
% |
May |
May |
% |
| Trading Days |
21 |
20 |
21 |
103 |
102 |
|||
| Total Exchange |
78,389.4 |
75,312.9 |
4% |
77,144.5 |
2% |
414,105.8 |
416,034.6 |
--- |
| Total Exchange ADV |
3,732.8 |
3,765.6 |
-1% |
3,673.5 |
2% |
4,020.4 |
4,078.8 |
-1% |
| Equity Options |
26,720.1 |
27,973.0 |
-4% |
28,451.0 |
-6% |
138,516.7 |
166,065.9 |
-17% |
| Equity Options ADV |
1,272.4 |
1,398.7 |
-9% |
1,354.8 |
-6% |
1,344.8 |
1,628.1 |
-17% |
| Index Options |
32,063.5 |
28,271.3 |
13% |
30,753.8 |
4% |
172,545.9 |
140,209.4 |
23% |
| Index Options ADV |
1,526.8 |
1,413.6 |
8% |
1,464.5 |
4% |
1,675.2 |
1,374.6 |
22% |
| ETP Options |
19,605.8 |
19,068.6 |
3% |
17,939.7 |
9% |
103,043.3 |
109,759.2 |
-6% |
| ETP Options ADV |
933.6 |
953.4 |
-2% |
854.3 |
9% |
1,000.4 |
1,076.1 |
-7% |
*Expanded volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.
| C2 Trading Volume Current Month |
Year-To-Date |
|||||||
| (contracts in thousands) |
May |
May |
% |
Apr |
% |
May |
May |
% |
| Trading Days |
21 |
20 |
22 |
103 |
102 |
|||
| Total Exchange |
6,216.4 |
6,474.6 |
-4% |
6,060.2 |
3% |
31,752.0 |
33,049.1 |
-4% |
| Total Exchange ADV |
296.0 |
323.7 |
-9% |
288.6 |
3% |
308.3 |
324.0 |
-5% |
| Equity Options |
1,576.5 |
1,939.6 |
-19% |
1,817.7 |
-13% |
8,454.7 |
10,031.7 |
-16% |
| Equity Options ADV |
75.1 |
97.0 |
-23% |
86.6 |
-13% |
82.1 |
98.3 |
-17% |
| Index Options |
228.2 |
137.8 |
66% |
199.3 |
14% |
1,201.8 |
450.4 |
167% |
| Index Options ADV |
10.9 |
6.9 |
58% |
9.5 |
14% |
11.7 |
4.4 |
164% |
| ETP Options |
4,411.7 |
4,397.2 |
--- |
4,043.2 |
9% |
22,095.5 |
22,567.0 |
-2% |
| ETP Options ADV |
210.1 |
219.9 |
-4% |
192.5 |
9% |
214.5 |
221.2 |
-3% |
| CFE Trading Volume Current Month* |
Year-To-Date |
|||||||
| May |
May |
% |
Apr |
% |
May |
May |
% |
|
| Trading Days |
21 |
20 |
21 |
103 |
102 |
|||
| VIX Index Futures |
||||||||
| Total |
4,814,598 |
3,498,454 |
38% |
4,604,918 |
5% |
22,620,136 |
18,302,859 |
24% |
| ADV |
229,267 |
174,923 |
31% |
219,282 |
5% |
219,613 |
179,440 |
22% |
| CFE Total Exchange |
||||||||
| Total |
4,816,144 |
3,499,445 |
38% |
4,605,471 |
5% |
22,623,303 |
18,314,005 |
24% |
| ADV |
229,340 |
174,972 |
31% |
219,308 |
5% |
219,644 |
179,549 |
22% |
*Volume numbers for 2016 now include VIX Weeklys futures totals.
| CBOE Holdings Market Share Current Month |
Year-To-Date |
|||||||
| May |
May |
% Pt. |
Apr |
% Pt. |
May |
May |
% Pt. |
|
| Total Exchange |
27.2% |
26.9% |
0.3% |
25.1% |
2.1% |
26.4% |
27.6% |
-1.2% |
| CBOE |
25.2% |
24.8% |
0.4% |
23.2% |
2.0% |
24.6% |
25.6% |
-1.0% |
| C2 |
2.0% |
2.1% |
-0.1% |
1.8% |
0.2% |
1.9% |
2.0% |
-0.1% |
| Total Equity Options |
18.0% |
17.6% |
0.4% |
17.2% |
0.8% |
17.6% |
19.4% |
-1.8% |
| Total Index Options |
99.4% |
98.9% |
0.5% |
99.1% |
0.3% |
99.1% |
97.2% |
1.9% |
| Total ETF Options |
19.9% |
22.3% |
-2.4% |
17.6% |
2.3% |
18.4% |
23.2% |
-4.8% |
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.
| (In Dollars) |
Three-Month Period Ended |
|||
| Product: |
Apr |
Mar |
Feb |
Jan |
| Equity Options |
$0.081 |
$0.085 |
$0.092 |
$0.095 |
| Index Options |
$0.706 |
$0.720 |
$0.733 |
$0.738 |
| ETP Options |
$0.111 |
$0.117 |
$0.131 |
$0.138 |
| Total Options Average Revenue Per Contract |
$0.335 |
$0.346 |
$0.351 |
$0.351 |
| Futures |
$1.697 |
$1.643 |
$1.623 |
$1.636 |
| Total Average Revenue Per Contract |
$0.397 |
$0.405 |
$0.413 |
$0.412 |
About CBOE Holdings:
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), 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 500 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.
| Media Contacts: |
Analyst Contact: |
|
| Suzanne Cosgrove |
Gary Compton |
Debbie Koopman |
| (312) 786-7123 |
(312) 786-7612 |
(312) 786-7136 |
CBOE-V
CBOE-2
CBOE-OE
CBOE-EF
CBOE®, Chicago Board Options Exchange®, CFE®, FLEX®, Livevol®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, The Options InstituteSM and WeeklysSM 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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