VIX Futures Volume In Non-U.S.Trading Hours Sets New Daily Record
July 10, 2014
CHICAGO, IL - July 10, 2014 -- The CBOE Futures Exchange, LLC (CFE®) today announced record trading volume in CBOE Volatility Index® (VIX® index) futures during non-U.S. trading hours. An estimated 59,505 contracts traded from Wednesday afternoon to Thursday morning, surpassing the previous record in non-U.S. trading hours of 52,260 contracts set on January 31, 2014.
Over the last few years, CFE incrementally extended trading hours in VIX futures to keep pace with the growing customer demand for increased access. On June 22, CFE further expanded VIX futures trading hours to nearly 24 hours a day, five days a week to accommodate Asian market hours and to provide a growing worldwide user base even greater access and flexibility in trading VIX futures.
Through June, volume in VIX futures outside of regular U.S. trading hours averaged more than 14,000 contracts per day, accounting for 7.7 percent of CFE's total daily volume.
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.
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®, 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.