CBOE Futures Exchange, LLC (CFE®) today reported that August 2015 was its second-busiest month of all time and its third consecutive monthly gain for 2015. Average daily volume (ADV) in CBOE Volatility Index® (VIX® Index) futures rose 34 percent from July 2015 and 41 percent from August 2014.
VIX Futures
Total volume in VIX futures for August was 6.4 million contracts, an increase of 28 percent from the previous month and 41 percent from a year ago. The August 2015 volume total includes VIX Weeklys futures contracts, which launched on July 23. August VIX futures’ ADV was 304,964 contracts. August’s total and ADV for VIX futures ranked second in terms of all-time monthly records, trailing only the 7.4 million total and 323,761 ADV traded in October 2014.
|
CFE Monthly Volume Summary |
Year-To-Date |
|||||||
|
|
August 2015 |
August 2014 |
% Chg |
July 2015 |
% Chg |
August 2015 |
August 2014 |
% Chg |
|
Trading Days |
21 |
21 |
|
22 |
|
167 |
167 |
|
|
VIX Index Futures |
||||||||
|
Total |
6,404,254 |
4,556,926 |
41% |
5,015,350 |
28% |
34,366,015 |
31,683,648 |
8% |
|
ADV |
304,964 |
216,996 |
41% |
227,970 |
34% |
205,785 |
189,722 |
8% |
|
CFE Total Exchange |
||||||||
|
Total |
6,408,878 |
4,566,239 |
40% |
5,018,696 |
28% |
34,383,333 |
31,733,868 |
8% |
|
ADV |
305,185 |
217,440 |
40% |
228,123 |
34% |
205,888 |
190,023 |
8% |
Total CFE
Exchangewide ADV at CFE was 305,185 contracts in August, an increase of 34 percent from July 2015 and up 40 percent from August 2014. Exchangewide total volume for the month was 6.4 million contracts, an increase of 28 percent from the previous month and up 40 percent from the year-ago total.
Extended Trading Hours
Trading activity in VIX futures during non-U.S. trading hours surged in August. Monthly ADV reached a record 30,500 contracts, surpassing the 28,365 contracts traded in October 2014. Total monthly volume was 640,498 contracts, the second-highest monthly total on record, topped only by the 652,397 contracts in October 2014 (which had two additional trading days). In addition, single-day volume reached a new high of 140,811 contracts on August 24.
