CHICAGO, Oct. 1, 2013 /PRNewswire/ -- The CBOE Futures Exchange, LLC (CFE®) today reported September 2013 trading volume for total exchange-wide activity and for futures on the CBOE Volatility Index® (VIX®). Additionally, the exchange announced plans for the launch of CBOE Russell 2000 Volatility Index futures and rollout dates for its VIX futures extended trading hours initiative.
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VIX Futures
September trading volume in VIX futures totaled 2.96 million contracts, a 23-percent increase from September 2012 and a 15-percent decrease from the previous month. Average daily volume in VIX futures during September was 148,039 contracts, a 17-percent increase from September 2012 and a seven-percent decrease from August. Year-to-date trading volume in VIX futures outpaced last year by 86 percent. Through the end of September, a total of 30.03 million VIX futures contracts have traded.
CFE Monthly Volume Summary | Year-To-Date | |||||||
Sep-13 | Sep-12 | % Chg | Aug-13 | % Chg | Sep-13 | Sep-12 | % Chg | |
Trading Days | 20 | 19 | 22 | 188 | 188 | |||
VIX Index Futures | ||||||||
Total | 2,960,789 | 2,400,552 | 23% | 3,488,149 | -15% | 30,034,031 | 16,172,087 | 86% |
ADV | 148,039 | 126,345 | 17% | 158,552 | -7% | 159,755 | 86,022 | 86% |
CFE Total Exchange | ||||||||
Total | 2,976,648 | 2,410,549 | 23% | 3,527,672 | -16% | 30,225,081 | 16,252,119 | 86% |
ADV | 148,832 | 126,871 | 17% | 160,349 | -7% | 160,772 | 86,447 | 86% |
Total CFE
September exchange-wide trading volume at CFE totaled 2.98 million contracts, a 23-percent increase from September 2012 and a 16-percent decrease from August. Exchange-wide monthly ADV during September was 148,832 contracts, a 17-percent increase from a year ago and a seven-percent decrease from August.
CBOE Russell 2000 Volatility Index Futures
On Wednesday, October 30, CFE will launch trading on CBOE Russell 2000 Volatility Index (RVX) futures (ticker symbol VU). The calculation of the CBOE Russell 2000® Volatility Index (RVX Index) is based on the CBOE Volatility Index (VIX) methodology applied to CBOE listed options on the Russell 2000 Index (RUT), the premier measure of the performance of small-capitalization U.S. stocks and an effective gauge of the health of the U.S. economy.
Jane Street Capital, LLC will serve as the Designated Primary Market Maker (DPM) for VU futures. For more information on the CBOE Russell 2000 Volatility Index and products, go to www.cboe.com/RVX.
VIX Futures Extended Trading Hours
CFE also announced yesterday that the first phase of its extended trading hours initiative for VIX futures will begin on Monday, October 21, with the second phase to follow on Monday, October 28.
The first phase of the extended trading hours initiative is designed to respond to demand from both U.S. and European customers for a post-settlement trading period by adding a 45-minute trading period to the current trading hours for VIX futures (7:00 a.m. to 3:15 p.m. Chicago time).
The second phase of the extended trading hours initiative will benefit U.S. and European customers who are seeking longer hours for trading in VIX futures. European-based customers will have the opportunity to trade VIX futures during their local trading hours by beginning the current trading session five hours earlier than its current opening time of 7:00 a.m. (Chicago time).
For additional information on CFE's extended trading hours initiative, see http://www.cboe.com/AboutCBOE/MediaHub/press-releases.aspx.
About CBOE Futures Exchange
CBOE Futures Exchange currently offers eight 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) 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®, CBOE Volatility Index® and VIX® are registered trademarks, and CBOE Futures Exchange(SM), CBOE Nasdaq-100 Volatility Index(SM), VXN(SM), VN(SM), CBOE Brazil ETF Volatility Index(SM), VXEW(SM), VXEWZ(SM), CBOE Crude Oil ETF Volatility Index(SM), OVX(SM), OV(SM), CBOE Emerging Markets ETF Volatility Index(SM), VXEM(SM), VXEEM(SM), CBOE Gold ETF Volatility Index(SM), GVZ(SM), GV(SM), VM(SM) and VX(SM) are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Russell 2000® is a registered trademark of Russell Investments, used under license. 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.
SOURCE CBOE Futures Exchange, LLC
