11.04.2014
By Terry Flanagan

CBOE Futures Exchange Reports October 2014 Trading Volume

-October is Busiest Month All-Time for VIX Futures

-VIX Futures Volume Tops Seven Million Contracts

-Several Trading Records in VIX Futures Set

CHICAGO, IL – November 3, 2014 — CBOE Futures Exchange, LLC (CFE®) today reported that October 2014 was the busiest month all-time for trading of futures on the CBOE Volatility Index® (VIX® Index). New records were set in monthly average daily volume (ADV) and monthly total volume, as well as for single-day and week-long trading activity.

CBOE future exchange

VIX Futures
October was the third month in 2014 in which monthly average daily volume in VIX futures reached a new all-time high. The record 323,761 contracts per day in October surpassed the previous high of 216,996 contracts in August 2014. October’s ADV rose 78 percent from October 2013 and 81 percent from September 2014.

CFE Monthly Volume Summary

Year-To-Date

October
2014

October
2013

% Chg

September
2014

% Chg

October

2014

October

2013

% Chg

Trading Days

23

23

21

211

211

VIX Index Futures

     Total

7,446,507

4,191,901

78%

3,749,156

99%

42,879,311

34,225,932

25%

     ADV

323,761

182,257

78%

178,531

81%

203,219

162,208

25%

CFE Total Exchange

     Total

7,458,697

4,205,692

77%

3,758,849

98%

42,951,414

34,430,773

25%

     ADV

324,291

182,856

77%

178,993

81%

203,561

163,179

25%

 

Trading in VIX futures set new single-day volume records on consecutive days during the month as 791,788 contracts traded on October 15 and 616,906 contracts traded on October 14.  The previous record was 528,628 contracts on August 1, 2014.

Trading activity in VIX futures also set new week-long volume records in consecutive weeks during the month as 2.8 million contracts traded during the week of October 13 through 17 and 1.7 million contracts traded during the week of October 6 through 10.  The previous record was 1.5 million contracts traded during the week of August 4 through 8, 2014.

Total volume in VIX futures for October was a record 7.4 million contracts, up 78 percent from October 2013 and up 99 percent from September 2014. October’s record total volume topped the previous high of 4.6 million contracts in August 2014.

Through the end of October, year-to-date total volume in VIX futures stood at 42.9 million contracts, which already surpassed the 39.9 million contracts traded for all of 2013.

Total CFE

October exchange-wide ADV was a record 324,291 contracts, a 77-percent increase from a year ago and an 81-percent increase from September 2014.  Exchange-wide total volume during the month was a new high of 7.5 million contracts, a 77-percent increase from October 2013 and a 98-percent increase from September 2014.  The previous records were 217,440 contracts per day and 4.6 million total contracts, both set in August 2014.

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/.

Media Contacts: Analyst Contact:
Gail Osten Gary Compton Debbie Koopman
(312) 786-7123 (312) 786-7612 (312) 786-7136
osten@cboe.com comptong@cboe.com koopman@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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