CBOE Holdings Reports July 2012 Trading Volume Of 87.2 Million Contracts; 4.15 Million ADV

CHICAGO, Aug. 1, 2012 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) today reported that July 2012 trading volume for options on the Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange^SM (C2^SM), combined, totaled 87.20 million contracts.

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July average daily volume (ADV) was 4.15 million contracts, a nine-percent decrease from July 2011 ADV of 4.57 million contracts and an almost ten-percent decrease from June 2012 ADV of 4.61 million contracts. Year to date through July, combined CBOE and C2 volume is about even with the same period one year ago.

CBOE Trading Volume and Market Share

CBOE trading volume — CBOE's July 2012 ADV was 3.97 million contracts, down nine percent from 4.35 million contracts ADV in July 2011 and down ten percent from June 2012 ADV of 4.41 million contracts.
CBOE equity options — July 2012 equity option ADV was 1.89 million contracts, up three percent from 1.83 million contracts ADV in July 2011 and up nine percent from June 2012 ADV of 1.73 million contracts.
CBOE index options — July 2012 index option ADV was 1.07 million contracts, down 18 percent from almost 1.30 million contracts ADV in July 2011 and down 14 percent from June 2012 ADV of 1.25 million contracts.
CBOE ETF options — July 2012 ETF option ADV was 1.01 million contracts, down 17 percent from 1.22 million contracts ADV in July 2011 and down 29 percent from June 2012 ADV of 1.43 million contracts.
The five most actively traded index and ETF options at CBOE during July were the S&P 500® Index, (SPX^SM), Standard & Poor's Depositary Receipts (SPY), CBOE Volatility Index® (VIX® Index), iShares Trust Russell 2000 Index Fund (IWM) and PowerShares QQQ Trust (QQQ).
The five most actively traded equity options at CBOE during July were Apple (AAPL), Bank of America (BAC), JPMorgan Chase (JPM), Facebook (FB) and Microsoft (MSFT).

CBOE Trading Volume						Year-To-Date
(trades in thousands)	Jul-12	Jul-11	% Chg	Jun-12	% Chg	Jul-12	Jul-11	% Chg
Trading Days	21	20		21		146	145
Total Exchange	83,332.2	86,976.4	-4%	92,510.8	-10%	651,539.8	654,372.4	0%
Total Exchange ADV	3,968.2	4,348.8	-9%	4,405.3	-10%	4,462.6	4,512.9	-1%
Equity Options	39,594.4	36,673.1	8%	36,325.0	9%	299,230.0	311,122.7	-4%
Equity Options ADV	1,885.4	1,833.7	3%	1,729.8	9%	2,049.5	2,145.7	-4%
Index Options	22,446.7	25,938.4	-13%	26,187.1	-14%	173,317.9	168,831.0	3%
Index Options ADV	1,068.9	1,296.9	-18%	1,247.0	-14%	1,187.1	1,164.4	2%
ETF Options	21,291.1	24,364.9	-13%	29,998.8	-29%	178,991.9	174,418.6	3%
ETF Options ADV	1,013.9	1,218.2	-17%	1,428.5	-29%	1,226.0	1,202.9	2%

Expanded July 2012 volume information for CBOE index and ETF options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Market Share:
CBOE July market share was 27.2 percent, up 2.2 percentage points from July 2011 and down 1.2 percentage points from June 2012. If the volume from dividend trades was excluded from industry data for July 2012, CBOE's total market share would be 28.5 percent.

Exclusion of dividend trades from total industry volume data presents a more relevant measure of the relative trends in the options business.

CBOE Current Month						Year-To-Date
	Jul 2012	Jul 2011	% pt. Chg	Jun 2012	% pt. Chg	Jul 2012	Jul 2011	% pt. Chg
Total Exchange	27.2%	25.0%	2.2%	28.4%	-1.2%	27.3%	25.5%	1.8%
Total Exchange (excl. dividend trades)	28.5%	25.8%	2.7%	29.0%	-0.5%	28.5%	26.4%	2.1%
Equity Options	22.1%	19.3%	2.8%	23.0%	-0.9%	22.0%	21.1%	0.9%
Equity Option (excl. dividend trades)	24.0%	20.5%	3.5%	23.7%	0.3%	23.6%	22.3%	1.3%
Index Options	93.0%	94.7%	-1.7%	93.8%	-0.8%	94.1%	94.4%	-0.3%
Index Options (excl. dividend trades)	93.2%	94.9%	-1.7%	93.9%	-0.7%	94.3%	94.7%	-0.4%
ETF Options	20.5%	18.6%	1.9%	21.4%	-0.9%	21.2%	19.1%	2.1%
ETF Options (excl. dividend trades)	20.6%	18.6%	2.0%	21.8%	-1.2%	21.5%	19.3%	2.2%

CBOE July 2012 Market Share by Product:

Equity options — CBOE's market share was 22.1 percent, up 2.8 percentage points from July 2011 and down 0.9 of a percentage points from June 2012.
ETF options — CBOE's market share was 20.5 percent, up 1.9 percentage points from July 2011 and down 0.9 of a percentage point from June 2012.
Index options — CBOE's market share was 93.0 percent, down 1.7 percentage points from July 2011 and down 0.8 of a percentage point from June 2012.

C2 Options Exchange Trading Volume and Market Share

C2 Trading Volume:
In July 2012, daily volume on C2 Options Exchange averaged 184,400 contracts, down 16 percent from July 2011 ADV of 220,100 contracts and down eight percent from June 2012 ADV of 199,800 contracts.

July 2012 equity option ADV rose 31 percent from July 2011 and was up 16 percent from June 2012, while ETF options ADV was down against July 2011 and June 2012. Index option ADV also dropped from June 2012.

C2 Trading Volume						Year-To-Date
(trades in thousands)	Jul-12	Jul-11	% Chg	Jun-12	% pt. Chg	Jul-12	Jul-11	% Chg
Trading Days	21	20		21		146	145
Total Exchange	3,872.5	4,402.3	-12%	4,195.2	-8%	30,974.1	26,522.7	17%
Total Exchange ADV	184.4	220.1	-16%	199.8	-8%	212.2	182.9	16%
Equity Options	1,662.1	1,211.5	37%	1,436.3	16%	12,344.0	10,177.1	21%
Equity Options ADV	79.1	60.6	31%	68.4	16%	84.5	70.2	20%
Index Options	113.6	NA	NA	139.4	-19%	903.5	NA	NA
Index Options ADV	5.4	NA	NA	6.6	-19%	6.2	NA	NA
ETF Options	2,096.9	3,190.8	-34%	2,619.5	-20%	17,726.6	16,345.6	8%
ETF Options ADV	99.9	159.5	-37%	124.7	-20%	121.4	112.7	8%

C2 Market Share:
In July 2012, C2's market share was 1.3 percent, unchanged from June 2012 and July 2011.

C2 Current Month						Year-To-Date
	Jul 2012	Jul 2011	% pt. Chg	Jun 2012	% pt. Chg	Jul 2012	Jul 2011	% pt. Chg
Total Exchange	1.3%	1.3%	--	1.3%	--	1.3%	1.0%	0.3%
Total Exchange (excl. dividend trades)	1.3%	1.3%	--	1.3%	--	1.4%	1.1%	0.3%
Equity Options	0.9%	0.6%	0.3%	0.9%	--	0.9%	0.7%	0.2%
Equity Option (excl. dividend trades)	1.0%	0.7%	0.3%	0.9%	0.1%	1.0%	0.7%	0.3%
Index Options	0.5%	NA	0.5%	0.5%	NA	0.5%	NA	NA
Index Options (excl. dividend trades)	0.5%	NA	0.5%	0.5%	NA	0.5%	NA	NA
ETF Options	2.0%	2.4%	-0.4%	1.9%	0.1%	2.1%	1.8%	0.3%
ETF Options (excl. dividend trades)	2.0%	2.4%	-0.4%	1.9%	0.1%	2.1%	1.8%	0.3%

CBOE Futures Exchange Trading

CBOE Futures Exchange^SM (CFE®) reported that total trading volume in the exchange's flagship product, futures on the CBOE Volatility Index (the VIX Index), rose 64 percent from July 2011. Year to date through July, VIX futures volume is 80 percent ahead of the same period a year ago.

CBOE Holdings Average Transaction Fee Per Contract

The company will report its average transaction fee per contract for the three months ended June 30, 2012, in conjunction with its quarterly earnings news release, which will be issued on Thursday, August 2, 2012. This information also will be posted to the Investor Relations section of CBOE's web site under Financial Information, Supplemental Information.

About CBOE Holdings, Inc.

CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange (CBOE), C2 Options Exchange and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE is home to the world-renowned Options Institute and www.cboe.com, named "Best of the Web" for options information and education. CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the OCC.

CBOE^®, Chicago Board Options Exchange^®, CFE^®, FLEX^®, LEAPS^®, CBOE Volatility Index^®and VIX^® are registered trademarks, and BuyWrite^SM, BXM^SM, CFE Futures Exchange^SM, SPX^SM and The Options Institute are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2^SM, C2 Options Exchange^SM and SPXpm^SM are service marks of C2 Options Exchange, Incorporated (C2). 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, C2 and CFE. All other trademarks and service marks are the property of their respective owners.

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SOURCE CBOE Holdings, Inc.

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