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Equity options volume at CBOE totaled 43.7 million contracts; average daily volume of 2.3 million contracts reflected a 14-percent increase over the same period a year ago and a two-percent decrease from January 2009. ETF options monthly volume totaled 21.3 million contracts and averaged 1.1 million contracts per day, a four-percent increase over February 2008 and a 12-percent increase over January. CBOE cash-settled index options volume at 15.8 million contracts in February averaged 829,306 contracts per day, down two percent from February 2008 but on par with January 2009 average daily volume. Expanded information on February volume for index options and ETF options is available at http://www.cboe.com/data/monthlyvolume.aspx.
|
|
February 2009 Volume (19 days) |
% Change vs February 2008 (20 days) |
% Change vs. January 2009 (20 days) |
Year-To-Date Volume (39 days) |
% Change vs 2008 (41 days) |
|---|---|---|---|---|---|
|
Industry Total |
256,464,343 |
5% |
-1% |
514,277,856 |
-15% |
|
CBOE Total |
80,670,249 |
2% |
-3% |
164,214,619 |
-13% |
|
CBOE Total ADV |
4,245,803 |
8% |
2% |
4,210,631 |
-9% |
|
Equity |
43,658,404 |
8% |
-7% |
90,527,233 |
-5% |
|
Equity ADV |
2,297,811 |
14% |
-2% |
2,321,211 |
0% |
|
Cash-Settled Index |
15,756,810 |
-7% |
-5% |
32,379,901 |
-20% |
|
Cash-Settled Index ADV |
829,306 |
-2% |
0% |
830,254 |
-16% |
|
ETF Options |
21,252,872 |
-1% |
6% |
41,305,178 |
-23% |
|
ETF Options ADV |
1,118,572 |
4% |
12% |
1,059,107 |
-19% |
|
Exchange Open Interest |
198,351,546 |
-16% |
9% |
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CBOE February Market Share
In February, CBOE's market share of total options industry volume was 31.5 percent, down 0.8 of a percentage point from February 2008 market share and down one percentage point from January 2009.CBOE index options market share of 90.3 percent rose 1.9 percentage points against February 2008 and was down 1.9 percentage points compared to January 2009.In equity options, CBOE's February market share was 27.8 percent, an increase of 2.4 percentage points compared to a year ago and down one percentage point against January 2009. CBOE ETF options market share of 25.9 percent during the month dropped 6.4 percentage points from February 2008 and 0.1 of a percentage point from January 2009.
|
CBOE Market Share |
Feb 2009 Market Share |
% Pt. Change vs Feb 2008 |
% Pt. Change vs Jan 2009 |
Year-To-Date Market Share |
% Pt. Change vs 2008 |
|---|---|---|---|---|---|
|
Exchange |
31.5% |
-0.8% |
-1.0% |
31.9% |
0.4% |
|
Equity |
27.8% |
2.4% |
-1.0% |
28.3% |
3.6% |
|
Index |
90.3% |
1.9% |
-1.9% |
91.2% |
3.9% |
|
ETF |
25.9% |
-6.4% |
-0.1% |
26.0% |
-5.6% |
During February:
- Options on the SPDR Gold Trust (GLD) established a monthly volume record with 1,332,645 contracts traded, an average daily volume of 74,036 contracts. CBOE claimed 43 percent of GLD volume during the month, according to Options Clearing Corporation (OCC) data.
- CBOE announced record financial results for 2008 with fourth quarter revenues up 12 percent, pre-tax profits up five percent and net income down two percent.For more information on these results, see http://www.cboe.com/AboutCBOE/ShowDocument.aspx?DIR=ACNews&FILE=cboe_20090206.doc&CreateDate=06.02.2009.
- The CBOE Futures Exchange, LLC (CFE) announced that on Monday, March 2, it would launch trading in CBOE mini-VIX futures, a new contract one-tenth the size of CFE's standard CBOE VIX futures contract.
- The five most actively traded index and ETF options products at CBOE were S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ), Financial Select SPDRs (XLF), and iShares Russell 2000 Index Fund (IWM).
- The five most actively traded equity options were Bank of America (BAC), General Electric Company (GE), Citigroup (C), Wells Fargo & Company (WFC), and JP/Morgan Chase (JPM).
- Average daily trading volume on the CBOE Futures Exchange, LLC (CFE) in February was 2,160 contracts, an increase of four percent over January 2009 when 2,070 contracts per day changed hands.Total trading volume during February was 41,051 contracts, a decline of one percent from 41,410 contracts traded during January 2009.When compared to year-ago volume of 80,948 contracts traded, which was the busiest February in CFE history, February 2009 volume was down 49 percent.February 2009 average daily volume was off 47 percent when compared against February 2008.
- Volume at the CBOE Stock Exchange (CBSX) totaled 288,449,453 shares, an average daily volume of 15,181,550 shares, and a 30-percent increase over February 2008 average daily volume of 11,637,600 shares.
- During the month, two CBOE memberships changed hands, ranging from $1.45 million to 1.5 million. In all, seven CBOE memberships have been sold in 2009.
Chicago Board Options Exchange (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 (VIX), the world's barometer for market volatility. Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS, FLEX options, and benchmark products such as the CBOE BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method.CBOE's Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and www.cboe.com, named "Best of the Web" for options information and education.
