CBOE Futures Exchange Reports June 2014 Trading Volume

July 1, 2014

- Total CFE Volume: 3.7 Million Contracts
- VIX Futures ADV Up 10% Year to Date

CHICAGO, July 1, 2014 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) today reported that June 2014 average daily volume (ADV) in futures on the CBOE Volatility Index® (VIX® Index) and total exchange-wide ADV at CFE increased 21 percent from May 2014 and decreased 17 percent from a year ago.   Year to date, CFE ADV and VIX futures ADV increased 10 percent from the first six months of 2013.       

CBOE future exchange

VIX Futures
Average daily volume in VIX futures was 173,893 contracts during June, a 17-percent decrease from June 2013 and a 21-percent increase from May 2014.  June total trading volume in VIX futures was 3.65 million contracts, a 13-percent decrease from June 2013 and a 21-percent increase from May 2014.

CFE Monthly Volume Summary

Year-To-Date


Jun-14

Jun-13

% Chg

May-14

% Chg

Jun-14

Jun-13

% Chg

Trading Days

21

20


21


124

124


VIX Index Futures

     Total

3,651,762

4,213,488

-13%

3,022,857

21%

22,792,944

20,663,707

10%

     ADV

173,893

210,674

-17%

143,946

21%

183,814

166,643

10%

CFE Total Exchange

     Total

3,657,036

4,220,447

-13%

3,029,577

21%

22,825,540

20,755,252

10%

     ADV

174,145

211,022

-17%

144,266

21%

184,077

167,381

10%

 

Total CFE
Exchange-wide ADV during June was 174,145 contracts, a 17-percent decrease from a year ago and a 21-percent increase from May 2014.  Exchange-wide total volume during the month was 3.66 million contracts, a 13-percent decrease from June 2013 and a 21-percent increase from May 2014. 

VIX Futures 24-Hour Trading Launched in June
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. 

Year-to-date, volume in VIX futures during all non-U.S. trading hours is averaging more than 14,000 contracts per day, accounting for 7.7 percent of CFE's total daily volume. 

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®, Execute Success®, 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, , SPXSM, RVXSM, VASM, 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. All other trademarks and service marks are the property of their respective owners.

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SOURCE CBOE Futures Exchange, LLC

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