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CBOE Futures Exchange Reports August 2014 Is Busiest Month Ever

- VIX Futures ADV Up 37% Over Year Ago


CHICAGO, Sept. 2, 2014 /PRNewswire/ -- CBOE Futures Exchange, LLC (CFE®) today reported that August 2014 was the busiest month all-time for average daily volume and total trading volume, both exchange-wide at CFE and for futures on the CBOE Volatility Index® (VIX® Index).      

CBOE future exchange

VIX Futures
Average daily volume in VIX futures was a record 216,996 contracts during August, an increase of 37 percent from August 2013 and an increase of 10 percent from July 2014.  August's record ADV surpassed the previous record ADV of 216,797 contracts in February 2014.  Total volume in VIX futures reached a new all-time high during August with 4.56 million contracts, up 31 percent from August 2013 and up five percent from July 2014. August's record total volume topped the previous record of 4.40 million contracts in January 2014.   

CFE Monthly Volume Summary

Year-To-Date


August
2014

August
2013

% Chg

July
2014

% Chg

August

2014

August

2013

% Chg

Trading Days

21

22


22


167

168


VIX Index Futures

     Total

4,556,926

3,488,149

31%

4,333,778

5%

31,683,648

27,073,242

17%

     ADV

216,996

158,552

37%

196,990

10%

189,722

161,150

18%

CFE Total Exchange

     Total

4,566,239

3,527,672

29%

4,342,089

5%

31,733,868

27,248,433

16%

     ADV

217,440

160,349

36%

197,368

10%

190,023

162,193

17%

 

Total CFE
New records were also set in exchange-wide ADV and total volume during August.  Exchange-wide ADV was 217,440 contracts, a 36-percent increase from a year ago and a 10-percent increase from July 2014.  The record ADV in August surpassed the previous record ADV of 217,029 contracts in February 2014.  Exchange-wide total volume during the month was 4.57 million contracts, a 29-percent increase from August 2013 and a five-percent increase from July 2014. August's record total volume topped the previous record of 4.41 million contracts in January 2014.              

VIX Futures 24-Hour Trading
In August, trading volume in VIX futures outside of regular U.S. trading hours averaged 21,748 contracts per day, accounting for approximately 10 percent of CFE's total daily volume. 

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. 

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, 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. Nasdaq 100® and Nasdaq® are registered trademarks of The Nasdaq Stock Market, Inc. and have been licensed for use by CBOE and CFE.  Russell 2000® is a registered trademark of Frank Russell Company and has 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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