Vix Futures March Trading Volume Up 20% Over Year Ago

April 1, 2014

- Nearly Four Million Contracts Traded
- Quarterly Volume Records Set

CHICAGO, April 1, 2014 /PRNewswire/ --The CBOE Futures Exchange, LLC (CFE®) today reported that March 2014 average daily volume (ADV) and total monthly volume in futures on the CBOE Volatility Index® (VIX® Index) and total exchange-wide at CFE posted increases over year ago levels. In addition, new quarterly volume records were set in exchange-wide and VIX futures total volume and average daily volume during the first quarter of 2014.         

CBOE future exchange

VIX Futures
Average daily volume in VIX futures was 183,612 contracts during March, a 14-percent increase from March 2013 and a 15-percent decrease from February's record ADV.  March total trading volume in VIX futures was 3.86 million contracts, a 20-percent increase from March 2013 and a six-percent decrease from February.    

CFE Monthly Volume Summary

Year-To-Date


Mar

2014

Mar

2013

% Chg

 Feb

2014

% Chg

Mar 

2014

Mar

2013

% Chg

Trading Days

21

20


19


61

60


VIX Index Futures

     Total

3,855,851

3,220,977

20%

4,119,148

-6%

12,376,825

9,181,060

35%

     ADV

183,612

161,049

14%

216,797

-15%

202,899

153,018

33%

CFE Total Exchange

     Total

3,861,118

3,228,874

20%

4,123,545

-6%

12,391,734

9,244,262

34%

     ADV

183,863

161,444

14%

217,029

-15%

203,143

154,071

32%

Total CFE
Exchange-wide ADV during March was 183,863 contracts, a 14-percent increase from a year ago and a 15-percent decrease from the record ADV in February.  Exchange-wide total volume during the month was 3.86 million contracts, a 20-percent increase from March 2013 and a six-percent decrease from February.        

First Quarter 2014   
Total trading volume during the first quarter of 2014 set a new quarterly volume record at CFE.  The 12.39 million contracts was up 34 percent compared to the first quarter a year ago and surpassed the previous record of 11.51 million contracts in the second quarter of 2013.  CFE ADV for the quarter was a new high of 203,143 contracts. 

VIX futures also set a new quarterly volume record during the first quarter of 2014 as 12.38 million contracts traded, up 35 percent compared to the first quarter of 2013.  The previous record had been 11.48 million contracts in the second quarter of 2013.  VIX futures ADV for the quarter was a record 202,899 contracts. 

VIX Futures 24-Hour Trading in June
During the month, CFE announced plans to extend VIX futures trading hours to nearly 24 hours a day, five days a week, beginning Sunday, June 22, 2014, pending regulatory review.  The trading week for VIX futures at CFE will begin each Sunday at 5:00 p.m. CT and end on Friday at 3:15 p.m. CT.  CFE will close for 15 minutes between 3:15 p.m. CT and 3:30 p.m. CT on Monday through Thursday, when no trading will be transacted. The new trading day on those days will then begin at 3:30 p.m. CT. See the press release 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

CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, CBOE Short-Term 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, Execute SuccessSM, SPXSM, RVXSM, VA SM, VUSM, VXSM , VXSTSM 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.

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SOURCE CBOE Futures Exchange

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