Welcome!

News Feed Item

CBOE Holdings Reports August 2014 Trading Volume

- ADV Up 10% Year to Date, Up 2% from August 2013

CHICAGO, Sept. 2, 2014 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that August 2014 trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options ExchangeSM (C2SM) and futures contracts on CBOE Futures ExchangeSM (CFE®) totaled 99.10 million contracts. Average daily volume (ADV) was 4.72 million contracts, a two-percent increase from August 2013 and a five-percent decrease from July 2014.

CBOE Holdings, Inc. logo.

CBOE Holdings' year-to-date ADV was 5.12 million contracts, 10 percent ahead of the same period one year ago.

August was the most active month ever for futures on the CBOE Volatility Index® (VIX® index), surpassing previous monthly volume and ADV records. VIX futures ADV increased 37 percent from a year earlier.

CBOE Holdings Consolidated Trading Volume

Year To Date

(Contracts in thousands)

Aug-14

Aug-13

% Chg

Jul-14

% Chg

Aug-14

Aug-13

% Chg

Trading Days

21

22


22


167

168


Total Contracts  (options & futures)

99,104.8

101,716.9

-3%

108,885.7

-9%

855,238.2

779,211.3

10%

Total Options Contracts (CBOE & C2)

94,538.6

98,189.2

-4%

104,543.6

-10%

823,504.3

751,962.9

10%

Total Futures Contracts (CFE)

4,566.2

3,527.7

29%

4,342.1

5%

31,733.9

27,248.4

16%










Total ADV (options & futures)

4,719.2

4,623.5

2%

4,949.4

-5%

5,121.2

4,638.2

10%

Total Options ADV    (CBOE & C2)

4,501.8

4,463.2

1%

4,752.0

-5%

4,931.2

4,476.0

10%

Total Futures ADV (CFE)

217.4

160.3

36%

197.4

10%

190.0

162.2

17%

CBOE Trading Volume and Market Share

CBOE Trading Volume:

  • CBOE's August ADV was 4.19 million contracts, even with August 2013 and a six-percent decrease from July 2014.
  • Index options ADV was 1.52 million contracts, a 12-percent increase from August 2013 and a six-percent increase from July 2014.
  • Exchange traded product (ETP) options ADV was 1.09 million contracts, a two-percent decrease from August 2013 and even with July 2014.
  • Equity options ADV was 1.58 million contracts, a seven-percent decrease from August 2013 and a 17-percent decrease from July 2014.
  • The five most actively traded index and ETP options at CBOE in August were options on S&P 500® Index (SPX), CBOE Volatility Index® (VIX® Index), Standard & Poor's Depositary Receipt (SPY), iShares Trust - Russell 2000® Index Fund (IWM) and iPath S&P 500 VIX Short-Term Futures ETN (VXX).

CBOE Trading Volume Current Month

Year To Date

(contracts in thousands)

Aug-14

Aug-13

% Chg

Jul-14

% Chg

Aug-14

Aug-13

% Chg

Trading Days

21

22


22


167

168


Total Exchange

88,020.6

91,948.5

-4%

97,665.5

-10%

773,700.5

699,796.1

11%

Total Exchange ADV

4,191.5

4,179.5

--

4,439.3

-6%

4,632.9

4,165.5

11%

Equity Options

33,160.5

37,329.6

-11%

42,011.1

-21%

316,079.1

264,537.1

19%

Equity Options ADV

1,579.1

1,696.8

-7%

1,909.6

-17%

1,892.7

1,574.6

20%

Index Options

31,934.6

29,996.6

6%

31,527.7

1%

262,707.1

247,573.6

6%

Index Options ADV

1,520.7

1,363.5

12%

1,433.1

6%

1,573.1

1,473.7

7%

ETP Options

22,925.5

24,622.3

-7%

24,126.7

-5%

194,914.3

187,685.4

4%

ETP Options ADV

1,091.7

1,119.2

-2%

1,096.7

--

1,167.1

1,117.2

4%

Expanded August 2014 and year-to-date volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Market Share:

CBOE's market share of total U.S. options industry volume was 27.5 percent in August 2014, a decrease of 1.1 percentage points from August 2013 and unchanged from July 2014.

CBOE Market Share Current Month

Year To Date


Aug-14

Aug-13

% Pt. Chg

Jul-14

% Pt. Chg

Aug-14

Aug-13

% Pt. Chg

Total Exchange

27.5%

28.6%

-1.1%

27.5%

--

28.0%

25.4%

2.6%

Equity Options

18.6%

21.1%

-2.5%

20.0%

-1.4%

20.5%

17.6%

2.9%

Index Options

96.8%

97.5%

-0.7%

95.5%

1.3%

96.5%

96.1%

0.4%

ETP Options

21.1%

21.6%

-0.5%

21.5%

-0.4%

20.7%

18.8%

1.9%

C2 Trading Volume and Market Share

C2 Trading Volume:

C2's August trading volume totaled 6.52 million contracts. ADV was 310,379 contracts, a nine-percent increase from August 2013 and a one-percent decrease from July 2014.

C2 Trading Volume Current Month

Year To Date

(contracts in thousands)

Aug-14

Aug-13

% Chg

Jul-14

% Chg

Aug-14

Aug-13

% Chg

Trading Days

21

22


22


167

168


Total Exchange

6,518.0

6,240.8

4%

6,878.1

-5%

49,803.9

52,166.9

-5%

Total Exchange ADV

310.4

283.7

9%

312.6

-1%

298.2

310.5

-4%

Equity Options

906.8

1,217.5

-26%

985.4

-8%

6,803.0

10,764.8

-37%

Equity Options ADV

43.2

55.4

-22%

44.8

-4%

40.7

64.1

-36%

Index Options*

38.6

--

--

40.3

-4%

287.6

136.3

nm

Index Options ADV*

1.8

--

--

1.8

--

1.7

0.8

nm

ETP Options

5,572.6

5,023.3

11%

5,852.4

-5%

42,713.3

41,265.8

4%

ETP Options ADV

265.4

228.3

16%

266.0

0%

255.8

245.6

4%

*Russell 2000 Index options began trading on C2 on September 3, 2013.  2013 year-to-date index options include SPXpmSM, which traded on C2 until it was moved to CBOE on February 17, 2013.

nm – not meaningful

C2 Market Share:

C2 market share of total industry volume in August 2014 was 2.0 percent, an increase of 0.1 of a percentage point from both August 2013 and July 2014.

C2  Market Share Current Month

Year To Date


Aug-14

Aug-13

% Pt. Chg

Jul-14

% Pt. Chg

Aug-14

Aug-13

% Pt. Chg

Total Exchange

2.0%

1.9%

0.1%

1.9%

0.1%

1.8%

1.9%

-0.1%

Equity Options

0.5%

0.7%

-0.2%

0.5%

--

0.4%

0.7%

-0.3%

Index Options

0.1%

--

nm

0.1%

--

0.1%

0.1%

--

ETP Options

5.1%

4.4%

0.7%

5.2%

-0.1%

4.5%

4.1%

0.4%

nm – not meaningful

CBOE Futures Exchange (CFE) Trading Volume and Highlights

·August was the most active month ever in terms of total volume and ADV for CFE and VIX futures.

  • Average daily volume in VIX futures was a record 216,996 contracts in August, an increase of 37 percent from August 2013 and an increase of 10 percent from July 2014. 
  • Trading volume in VIX futures outside of regular U.S. trading hours averaged nearly 22,000 contracts per day, approximately 10 percent of CFE's total daily trading volume.
  • On August 1, CFE reported record trading volume in VIX futures during non-U.S. trading hours, with an estimated 68,033 contracts changing hands overnight. The record surpassed the previous record in non-U.S. trading hours of 59,505 contracts set on July 10, 2014.

CBOE Holdings Average Revenue Per Contract 

The following represents the average revenue per contract based on a three-month rolling average, reported on a one-month lag.  The average revenue per contract represents total transaction fees for CBOE, C2 and CFE recognized for the period divided by total contracts traded on all three exchanges during the period.  Average revenue per contract can be affected by various factors, including exchange fee rates, volume-based discounts and transaction mix by contract type and product type.

(In Dollars)

               Three-Month Period Ended

Product:

Jul-14

Jun-14

May-14

Apr-14

Equity Options

$0.074

$0.079

$0.081

$0.082

Index Options

$0.671

$0.670

$0.674

$0.674

ETP Options

$0.112

$0.111

$0.113

$0.113

     Total Options Average Revenue Per Contract

$0.275

$0.275

$0.275

$0.277

Futures

$1.651

$1.639

$1.616

$1.610

     Total Average Revenue Per Contract

$0.324

$0.322

$0.321

$0.325

About CBOE Holdings

CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange, Incorporated (CBOE), CBOE Futures Exchange, LLC (CFE) and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, Weeklys options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.

CBOE-V

CBOE-2

CBOE-EF

CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, SPXSM, SPXpmSM, The Options Institute and Weeklys are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2SM and C2 Options ExchangeSM are service marks of C2 Options Exchange, Incorporated (C2). Russell 2000® is a registered trademark of Frank Russell Company, 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, C2 and CFE. All other trademarks and service marks are the property of their respective owners.

 

 

SOURCE CBOE Holdings, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.