- Over Four Million Contracts Traded
- Extended Trading Hours for VIX Futures Launched
The CBOE Futures Exchange, LLC (CFE®) today reported October 2013 trading volume for total exchange-wide activity and for futures on the CBOE Volatility Index® (VIX®). Additionally, the exchange said Phase I of the expansion of extended trading hours for VIX futures successfully launched during the month.
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VIX Futures
October trading volume in VIX futures totaled 4.19 million contracts, a 72 percent increase from October 2012 and a 42 percent increase from the previous month. October was the second most-active month all-time for VIX futures trading, trailing only the 4.21 million total contracts traded in June 2013. Average daily volume in VIX futures during October was 182,257 contracts, a 57 percent increase from October 2012 and a 23 percent increase from September.
|
CFE Monthly Volume Summary |
Year-To-Date |
|||||||
|
Oct 2013 |
Oct 2012 |
% Chg |
Sept 2013 |
% Chg |
Oct 2013 |
Oct 2012 |
% Chg |
|
|
Trading Days |
23 |
21 |
20 |
211 |
209 |
|||
|
VIX Index Futures |
||||||||
|
Total |
4,191,901 |
2,443,878 |
72% |
2,960,789 |
42% |
34,225,932 |
18,615,965 |
84% |
|
ADV |
182,257 |
116,375 |
57% |
148,039 |
23% |
162,208 |
89,072 |
82% |
|
CFE Total Exchange |
||||||||
|
Total |
4,205,692 |
2,449,436 |
72% |
2,976,648 |
41% |
34,430,773 |
18,701,555 |
84% |
|
ADV |
182,856 |
116,640 |
57% |
148,832 |
23% |
163,179 |
89,481 |
82% |
Total CFE
October exchange-wide trading volume at CFE totaled 4.21 million contracts, a 72 percent increase from October 2012 and a 41 percent increase from September. Monthly ADV during October was 182,856 contracts, a 57 percent increase from a year ago and a 23 percent increase from September.
VIX Futures Extended Trading Hours
CFE successfully launched Phase I of the expansion of extended trading hours (ETH) for VIX futures on Monday, October 28. Phase I added a 45-minute trading period, from 3:30 p.m. to 4:15 p.m. Chicago time, after the current close of trading hours for VIX futures at 3:15 p.m. CT. This 45-minute period was designed to respond to demand from both U.S. and European customers for a post-settlement trading period. For the first four days, volume in that ETH period totaled 3,577 contracts.
Phase II of the expansion of extended trading hours for VIX futures will launch on Monday, November 4, when trading will begin five hours earlier than the current opening time of 7:00 a.m. CT. The new 2:00 a.m. CT opening time will benefit U.S. customers who are seeking longer hours for trading in VIX futures and European-based customers who will now have the opportunity to trade VIX futures during their local trading hours.
For additional information, visit http://cfe.cboe.com/tradecfe/ETH.aspx.
