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CBOE Futures Exchange Reports November Trading Volume (pdf, 16KB, opens in a new window) Print

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CBOE Futures Exchange Reports November Trading Volume

December 2, 2013

CBOE Futures Exchange

- Over 2.5 Million Contracts Traded
- Phase II of Extended Trading Hours Launched
- Futures on Russell 2000 Volatility Index Listed

CHICAGO, Dec. 2, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) today reported  November 2013 trading volume for total exchange-wide activity and for futures on the CBOE Volatility Index® (VIX® Index). Additionally, the second phase of the expansion of extended trading hours for VIX futures successfully launched during the month and futures on the CBOE Russell 2000® Volatility Index were listed.        

(Logo: http://photos.prnewswire.com/prnh/20121022/MM97794LOGO-d)

VIX Futures
November trading volume in VIX futures totaled 2.5 million contracts, a decrease of eight percent from November 2012 and a decrease of 40 percent from October, which was the second busiest month all-time.  Average daily volume in VIX futures during November was 126,141 contracts, a decrease of three percent from November 2012 and a decrease of 31 percent from October. 

CFE Monthly Volume Summary

Year-To-Date


Nov

2013

Nov

2012

% Chg

Oct

 2013

% Chg

Nov

2013

Nov

2012

% Chg

Trading Days

20

21


23


231

230


VIX Index Futures

     Total

2,522,828

2,734,248

-8%

4,191,901

-40%

36,748,760

21,350,213

72%

     ADV

126,141

130,202

-3%

182,257

-31%

159,086

92,827

71%

CFE Total Exchange

     Total

2,561,432

2,744,177

-7%

4,205,692

-39%

36,992,205

21,445,732

72%

     ADV

128,072

130,675

-2%

182,856

-30%

160,139

93,242

72%

Total CFE
November exchange-wide trading volume at CFE totaled nearly 2.6 million contracts, a decrease of seven percent from November 2012 and a decrease of 39 percent from October.  Monthly ADV during November was 128,072 contracts, a decrease of two percent from a year ago and a decrease of 30 percent from October. 

VIX Futures Extended Trading Hours
The second phase of the expansion of extended trading hours (ETH) for VIX futures successfully launched on November 4.  Phase II introduced an additional five-hour period prior to the previous opening time of 7:00 a.m. CT.  This 2:00 a.m. to 7:00 a.m. CT period benefits U.S. customers seeking longer hours for trading in VIX futures and European-based customers who now have the opportunity to trade VIX futures during their local trading hours.   

Phase I of the expansion of extended trading hours for VIX futures, which added a 45-minute trading period -- from 3:30 p.m. to 4:15 p.m. CT -- after the current close of trading hours for VIX futures at 3:15 p.m. CT, launched on October 28.   

CBOE Russell 2000 Volatility Index Futures   
Beginning on November 18, CFE listed futures contracts on the CBOE Russell 2000® Volatility Index (ticker: VU).  

The CBOE Russell 2000 Volatility Index (RVXSM Index) is an up-to-the-minute market estimate of the expected 30-day volatility of the Russell 2000® Index (RUT), the premier measure of the performance of small-capitalization U.S. stocks.  The calculation of the RVX Index is based on the CBOE Volatility Index (VIX) methodology applied to real-time bid/ask quotes of RUT options that are listed on CBOE.    

Used on their own or in combination with other CBOE volatility index products, CBOE Russell 2000 Volatility Index futures allow customers to hedge, diversify or take a directional view on volatility in the small-cap market sector.  For more information on the CBOE Russell 2000 Volatility Index and products, go to www.cboe.com/RVX

About CBOE Futures Exchange
CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index (the VIX Index) futures (VX), Mini-VIX futures (VM), 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®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, 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, RVXSM, VASM, VMSM, VUSM, VXSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Russell 2000® is a registered trademark of Russell Investments, used under license. 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. The Nasdaq-100 Index®, Nasdaq-100®, and Nasdaq® are trademark or service marks of The Nasdaq Stock Market, Inc. (with which its affiliates are the "Corporations"). These marks are licensed for use by CBOE in connection with the trading of products based on the Nasdaq-100 Index. The products have not been passed on by the Corporations as to their legality or suitability. The products are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

SOURCE CBOE Futures Exchange, LLC

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