- Total CFE Volume: 3.7 Million Contracts
- VIX Futures ADV Up 10% Year to Date
The CBOE Futures Exchange, LLC (CFE®) today reported that June 2014 average daily volume (ADV) in futures on the CBOE Volatility Index® (VIX® Index) and total exchange-wide ADV at CFE increased 21 percent from May 2014 and decreased 17 percent from a year ago. Year to date,CFE ADV and VIX futures ADV increased 10 percent from the first six months of 2013.
VIX Futures
Average daily volume in VIX futures was 173,893 contracts during June, a 17-percent decrease from June 2013 and a 21-percent increase from May 2014. June total trading volume in VIX futures was 3.65 million contracts, a 13-percent decrease from June 2013 and a 21-percent increase from May 2014.
CFE Monthly Volume Summary |
Year-To-Date |
|||||||
Jun-14 |
Jun-13 |
% Chg |
May-14 |
% Chg |
Jun-14 |
Jun-13 |
% Chg |
|
Trading Days |
21 |
20 |
21 |
124 |
124 |
|||
VIX Index Futures |
||||||||
Total |
3,651,762 |
4,213,488 |
-13% |
3,022,857 |
21% |
22,792,944 |
20,663,707 |
10% |
ADV |
173,893 |
210,674 |
-17% |
143,946 |
21% |
183,814 |
166,643 |
10% |
CFE Total Exchange |
||||||||
Total |
3,657,036 |
4,220,447 |
-13% |
3,029,577 |
21% |
22,825,540 |
20,755,252 |
10% |
ADV |
174,145 |
211,022 |
-17% |
144,266 |
21% |
184,077 |
167,381 |
10% |
Total CFE
Exchange-wide ADV during June was 174,145 contracts, a 17-percent decrease from a year ago and a 21-percent increase from May 2014. Exchange-wide total volume during the month was 3.66 million contracts, a 13-percent decrease from June 2013 and a 21-percent increase from May 2014.
VIX Futures 24-Hour Trading Launched in June
On June 22, CFE expanded VIX futures trading hours to nearly 24 hours a day, five days a week. The trading week for VIX futures at CFE now begins each Sunday at5:00 p.m. CT and ends each Friday at 3:15 p.m. CT. Monday through Thursday, CFE closes for 15 minutes at 3:15 p.m. CT before the "new" trading day begins at 3:30 p.m. CT. After Friday's 3:15 p.m. CT close, CFE remains closed until the start of the new trading week at 5:00 p.m. CT on Sunday. See CFE Regulatory Circular RG14-017 for additional information.
Year-to-date, volume in VIX futures during all non-U.S. trading hours is averaging more than 14,000 contracts per day, accounting for 7.7 percent of CFE's total daily volume.