05.02.2013

April is Record-setting Month for VIX Futures Trading at CFE

05.02.2013

-Total Volume Sets Record for Fourth Consecutive Month 

– Monthly ADV Reaches New High for Third Time in 2013

– New Single-Day Record Achieved on April 15

CHICAGO, IL — May 1, 2013 — The CBOE Futures Exchange, LLC (CFE®) announced today that April 2013 was a record-setting month for the trading of futures on the CBOE Volatility Index® (VIX®) with new all-time highs in total monthly volume, monthly average daily volume (ADV) and single-day trading activity.

VIX Futures

For the fourth consecutive month, total monthly trading volume in VIX futures reached an all-time high. The 4,056,760 contracts traded during April 2013 surpassed the 3,220,977 contracts in March, the previous record, by 26 percent. April was the first time in CFE history that total monthly volume in VIX futures eclipsed four million contracts traded. When compared to the 1,683,034 contracts traded a year ago, April’s volume rose by 141 percent.

CFE Monthly Volume Summary

April April % March % 2013 2012 Chg 2013 Chg

Year-To-Date

April April % 2013 2012 Chg

Trading Days

22

20

20

82

82

VIX Index Futures

Total

4,056,760

1,683,034

141%

3,220,977

26%

13,237,820

5,794,182

128%

ADV

184,398

84,152

119%

161,049

14%

161,437

70,661

128%

CFE Total Exchange

Total

4,069,630

1,692,623

140%

3,228,874

26%

13,313,892

5,816,211

129%

ADV 184,983 84,631 119% 161,444 15% 162,365 70,929 129%

-more-

News Release: CBOE Futures Exchange April 2013 Volume Report Page 2/3

Monthly average daily volume (ADV) in VIX futures during April was a record 184,398 contracts. The previous record was 161,176 contracts per day in February 2013. April marked the third time in the first four months of 2013 that a new monthly ADV record was set. When compared to March’s ADV of 161,049 contracts and April 2012’s ADV of 84,152 contracts, April’s volume increased by 14 percent and 119 percent, respectively.

A new single-day volume record in VIX futures was set on April 15 when 449,955 contracts traded, topping the previous high of 302,278 contracts traded on February 25, 2013.

Total CFE

For a fourth straight month, total exchange-wide volume at CFE set a new record as 4,069,630 contracts traded. April’s volume was an increase of 26 percent from the 3,228,874 contracts traded in March, the previous high, and a gain of 140 percent from the April 2012 volume of 1,692,623 contracts. For the first time in CFE history, total exchange-wide monthly volume topped four million contracts traded during April.

Exchange-wide monthly ADV of 184,983 contracts during April also set a new record, besting the 162,514 contracts per day in February 2013, the previous high. April’s ADV was up 15 percent compared with the March 2013 ADV of 161,444 contracts, and up 119 percent from the April 2012 ADV of 84,631 contracts.

A new total exchange-wide single-day volume record was set on April 15 when 452,139 contracts traded, beating the previous high of 302,986 contracts traded on February 25, 2013.

Other Highlights

  •  CBOE Gold ETF Volatility Index security futures (index ticker: GVZ; futures ticker: GV) set a new monthly volume record with 6,120 contracts traded in April, surpassing the previous monthly record of 1,619 contracts in August 2012.
  •  GV security futures set a new single-day volume record on April 15 with 1,488 contracts traded. The previous single-day high was 765 contracts on March 28, 2013.
  • April volume in CBOE Crude Oil ETF Volatility Index security futures (index ticker: OVX; futures ticker: OV) totaled 2,709 contracts traded, an increase of 275 percent from March’s 722 contracts.-more-

News Release: CBOE Futures Exchange April 2013 Volume Report Page 3/3

About CBOE Futures Exchange

CBOE Futures Exchange currently offers nine contracts: CBOE Volatility Index (The VIX Index) futures (VX), Mini-VIX futures (VM), S&P 500 Variance futures (VA), CBOE NASDAQ-100 Volatility Index (VXN) futures (VN), 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), CBOE Brazil ETF Volatility Index (VXEWZ) security futures (VXEW) and Radar Logic 25-Metropolitan Statistical Area (MSA) RPX Composite Index futures (RPXCP).

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/.

Media Contacts:

Gail Osten
(312) 786-7123 osten@cboe.com

CBOE-EF

Gary Compton
(312) 786-7612 comptong@cboe.com

Analyst Contact:

Debbie Koopman (312) 786-7136 koopman@cboe.com

CBOE®, Chicago Board Options Exchange®, CFE®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures ExchangeSM, 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, VMSMand VXSM 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. The Nasdaq-100 Index®, Nasdaq-100®, and Nasdaq® are trademark or service marks of The Nasdaq Stock Market, Inc. (with which its affiliates are the “Corporations”). These marks are licensed for use by CBOE in connection with the trading of products based on the Nasdaq-100 Index. The products have not been passed on by the Corporations as to their legality or suitability. The products are not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). All other trademarks and service marks are the property of their respective owners.

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