2009 Highlights
- Three of the top five busiest months ever occurred in 2009 (September, October and November).
- Seven consecutive months of average daily volume gains over previous month (May thru November).
- Fourth quarter was the busiest quarter in CFE history with a total volume of 513,607 contracts traded.
- November set a new record for average daily volume in a month with 9,228 contracts traded per day.
- VIX futures established new annual volume record with 1,144,188 contracts traded.
- VIX futures established a new monthly volume record with 187,628 contracts traded in October.
- Mini-VIX futures, one-tenth the size of CFE's standard CBOE VIX futures contract, launched March 2.
|
CBOE FUTURES EXCHANGE VOLUME SUMMARY Current Month |
Year-To-Date |
|||||||
|---|---|---|---|---|---|---|---|---|
|
|
December 2009 |
December 2008 |
% Chg |
November 2009 |
% Chg |
December 2009 |
December 2008 |
% Chg |
|
Trading Days |
22 |
22 |
|
20 |
|
252 |
253 |
|
|
Total Exchange |
141,002 |
42,223 |
+234% |
184,558 |
-24% |
1,155,318 |
1,161,019 |
-0.5% |
|
Total Exchange ADV |
6,410 |
1,919 |
+234% |
9,228 |
-31% |
4,585 |
4,589 |
0% |
December Volume
A total of 141,002 contracts traded at CFE during December 2009, an increase of 234 percent over 42,223 contracts traded last year.When compared to 184,558 contracts traded during the previous month, December 2009 volume was down 24 percent.Average daily volume for the month was 6,410 contracts, compared with 1,919 contracts per day last December and the average daily volume of 9,228 contracts during November.
VIX Futures
Volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled a new record 1,144,188 contracts traded during 2009, up five percent from the previous high of 1,088,090 contracts last year.Average daily volume for the year was 4,540 contracts, surpassing 4,301 contracts per day in 2008 by six percent.
For the month of December, volume in VIX futures was 140,781 contracts, a rise of 238 percent from 41,683 contracts traded in December 2008 and a fall of 23 percent from 183,978 contracts traded in November 2009.Average daily volume in VIX futures during December was 6,399 contracts, 238 percent ahead of 1,895 contracts per day from a year ago and 30 percent behind 9,199 contracts per day from November.
Volume in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 209 contracts traded during December, a 63 percent decline from 565 contracts during November. CBOE mini-VIX futures, launched in March 2009, traded 9,275 contracts on the year.Additional information on mini-VIX futures can be found at: http://cfe.cboe.com/Products/Products_VM.aspx.
CFE currently offers futures on five different contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE Russell 2000 Volatility Index (RVX) and CBOE S&P 500 3-Month and 12-Month Variance (VT and VA, respectively).
CFE, launched in March 2004, is a wholly owned subsidiary of Chicago Board Options Exchange, Incorporated, offering an all-electronic, open-access market model, with traders providing liquidity and making markets.CFE trades are cleared by the AAA-rated Options Clearing Corporation (OCC).CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).
More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.
