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The CBOE Futures Exchange, LLC (CFE) today announced that for the second consecutive month, trading volume at the CFE has reached all-time record levels. The 481,650 contracts that changed hands during May is a new high, surpassing April's volume of 296,541 contracts. May's 2009 volume was 56,728 contracts traded.
The May average daily volume (ADV) of 24,082 contracts exceeded the year-ago ADV of 2,836 contracts and the April 2010 ADV of 14,121 contracts. May's ADV set a new record, topping the old ADV high of 14,121 contracts during April 2010.
Of the six busiest months in CFE history, five have occurred during 2010. May's trading activity eclipsed the previous all-time high of 296,541 contracts, which was set in April 2010. May also marked the eighth consecutive month in which total volume registered an increase when comparing year-over-year trading activity.
|
Month |
Volume |
Rank |
|
May 2010 |
481,650 |
1 |
|
April 2010 |
296,541 |
2 |
|
January 2010 |
221,025 |
3 |
|
March 2010 |
217,429 |
4 |
|
November 2007 |
189,408 |
5 |
|
February 2010 |
188,236 |
6 |
Through the first five months of 2010, a total of 1,404,881 contracts have traded at CFE, which has already surpassed the 1,155,318 contracts for all of 2009. Year-to-date ADV of 13,773 contracts is outpacing the 2,315 contracts per day in 2009.
|
CBOE FUTURES EXCHANGE VOLUME SUMMARY Current Month |
Year-To-Date |
|||||||
|
|
May 2010 |
May 2009 |
% Chg |
April 2010 |
% Chg |
May 2010 |
May 2009 |
% Chg |
|
Trading Days |
20 |
20 |
21 |
102 |
102 |
|||
|
Total Exchange |
481,650 |
56,728 |
+749% |
296,541 |
+62% |
1,404,881 |
236,084 |
+495% |
|
Total Exchange ADV |
24,082 |
2,836 |
+749% |
14,121 |
+71% |
13,773 |
2,315 |
+495% |
May volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled a record 479,467 contracts traded, up from 55,092 contracts in May 2009 and 295,483 contracts in April. May's volume exceeded the previous record of 295,483 contracts traded in April 2010. ADV in VIX futures during May was 23,973 contracts, compared to 2,755 contracts per day a year ago and 14,070 contracts from the previous month.
Volume in CBOE mini-VIX futures (ticker VM) totaled 2,164 contracts for the month, up from 1,596 contracts traded in May 2009 and up from 1,054 contracts traded the previous month. CBOE mini-VIX futures contracts are one-tenth the size of CFE's standard CBOE VIX futures contract. Additional information on mini-VIX futures can be found at: http://cfe.cboe.com/Products/Products_VM.aspx.
CFE currently offers futures on four different contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE S&P 500 3-Month Variance (VT) and CBOE S&P 500 12-Month Variance (VA).
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.
