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- Total Consolidated Volume: 107.17 Million Contracts
- Average Daily Volume Up 9% From Year Ago
- Year-To-Date ADV 23% Ahead Of 2013
CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that April 2014 trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options ExchangeSM (C2SM) and futures contracts on CBOE Futures ExchangeSM (CFE®) totaled 107.17 million contracts. Average daily volume (ADV) was 5.10 million contracts, a nine-percent increase from April 2013 and a one-percent decrease from March 2014.
|
CBOE Holdings Consolidated Trading Volume |
Year-To-Date |
|||||||
|
(trades in thousands) |
Apr 2014 |
Apr 2013 |
% Chg |
Mar 2014 |
% Chg |
Apr 2014 |
Apr 2013 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
82 |
82 |
|||
|
Total Contracts (options & futures) |
107,172.2 |
102,701.1 |
4% |
107,862.8 |
-1% |
449,989.4 |
364,673.1 |
23% |
|
Total Options Contracts (CBOE & C2) |
103,425.0 |
98,631.5 |
5% |
104,001.7 |
-1% |
433,850.5 |
351,359.2 |
23% |
|
Total Futures Contracts (CFE) |
3,747.2 |
4,069.6 |
-8% |
3,861.1 |
-3% |
16,138.9 |
13,313.9 |
21% |
|
Total ADV (options & futures) |
5,103.4 |
4,668.3 |
9% |
5,136.4 |
-1% |
5,487.7 |
4,447.3 |
23% |
|
Total Options ADV (CBOE & C2) |
4,925.0 |
4,483.3 |
10% |
4,952.5 |
-1% |
5,290.9 |
4,284.9 |
23% |
|
Total Futures ADV (CFE) |
178.4 |
185.0 |
-4% |
183.9 |
-3% |
196.8 |
162.4 |
21% |
CBOE Trading Volume and Market Share
CBOE Trading Volume:
- CBOE's April ADV was 4.61 million contracts, a 13-percent increase from April 2013 and a two-percent decrease from March 2014.
- Equity options ADV was 1.88 million contracts, a 29-percent increase from April 2013 and a four-percent decrease from March 2014.
- Index options ADV was 1.45 million contracts, a one-percent increase from April 2013 and a seven-percent decrease from March 2014.
- Exchange traded product (ETP) options ADV was 1.29 million contracts, a seven-percent increase from April 2013 and a seven-percent increase from March 2014.
- The five most actively traded index and ETP options at CBOE in April were S&P 500® Index (SPX), CBOE Volatility Index® (VIX Index®), Standard & Poor's Depositary Receipt (SPY), iShares Trust - Russell 2000® Index Fund (IWM) and PowerShares QQQ Trust (QQQ).
|
CBOE Trading Volume Current Month |
Year-To-Date |
|||||||
|
(trades in thousands) |
Apr 2014 |
Apr 2013 |
% Chg |
Mar 2014 |
% Chg |
Apr 2014 |
Apr 2013 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
82 |
82 |
|||
|
Total Exchange |
96,866.6 |
89,844.1 |
8% |
98,820.4 |
-2% |
409,291.1 |
326,539.8 |
25% |
|
Total Exchange ADV |
4,612.7 |
4,083.8 |
13% |
4,705.7 |
-2% |
4,991.4 |
3,982.2 |
25% |
|
Equity Options |
39,379.1 |
31,982.9 |
23% |
40,864.1 |
-4% |
169,212.4 |
123,348.1 |
37% |
|
Equity Options ADV |
1,875.2 |
1,453.8 |
29% |
1,945.9 |
-4% |
2,063.6 |
1,504.2 |
37% |
|
Index Options |
30,477.4 |
31,476.7 |
-3% |
32,773.9 |
-7% |
137,061.0 |
121,386.6 |
13% |
|
Index Options ADV |
1,451.3 |
1,430.8 |
1% |
1,560.7 |
-7% |
1,671.5 |
1,480.3 |
13% |
|
ETP Options |
27,010.0 |
26,384.6 |
2% |
25,182.5 |
7% |
103,017.8 |
81,805.2 |
26% |
|
ETP Options ADV |
1,286.2 |
1,199.3 |
7% |
1,199.2 |
7% |
1,256.3 |
997.6 |
26% |
Expanded April 2014 and year-to-date volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.
CBOE Market Share:
CBOE's market share of total U.S. options industry volume was 27.2 percent in April 2014, an increase of 3.0 percentage points from April 2013 and a decrease of 0.6 percentage points from March 2014.
|
CBOE Market Share Current Month |
Year-To-Date |
|||||||
|
Apr 2014 |
Apr 2013 |
% Pt. Chg |
Mar 2014 |
% Pt. Chg |
Apr 2014 |
Apr 2013 |
% Pt. Chg |
|
|
Total Exchange |
27.2% |
24.2% |
3.0% |
27.8% |
-0.6% |
28.3% |
23.9% |
4.4% |
|
Equity Options |
20.1% |
16.5% |
3.6% |
21.1% |
-1.0% |
21.1% |
16.1% |
5.0% |
|
Index Options |
96.0% |
94.3% |
1.7% |
96.6% |
-0.6% |
96.8% |
94.8% |
2.0% |
|
ETP Options |
21.0% |
18.4% |
2.6% |
19.7% |
1.3% |
20.5% |
17.4% |
3.1% |
C2 Trading Volume and Market Share
C2 Trading Volume:
C2's April trading volume totaled 6.56 million contracts. ADV was 312,307 contracts, a 22-percent decrease from April 2013 and a 27-percent increase from March 2014.
|
C2 Trading Volume Current Month |
Year-To-Date |
|||||||
|
(trades in thousands) |
Apr 2014 |
Apr 2013 |
% Chg |
Mar 2014 |
% Chg |
Apr 2014 |
Apr 2013 |
% Chg |
|
Trading Days |
21 |
22 |
21 |
82 |
82 |
|||
|
Total Exchange |
6,558.4 |
8,787.4 |
-25% |
5,181.2 |
27% |
24,559.4 |
24,819.4 |
-1% |
|
Total Exchange ADV |
312.3 |
399.4 |
-22% |
246.7 |
27% |
299.5 |
302.7 |
-1% |
|
Equity Options |
1,039.8 |
1,232.0 |
-16% |
739.0 |
41% |
3,277.4 |
6,151.9 |
-47% |
|
Equity Options ADV |
49.5 |
56.0 |
-12% |
35.2 |
41% |
40.0 |
75.0 |
-47% |
|
Index Options* |
38.7 |
-- |
nm |
36.5 |
6% |
144.7 |
136.3 |
6% |
|
Index Options ADV* |
1.8 |
-- |
nm |
1.7 |
6% |
1.8 |
1.7 |
6% |
|
ETP Options |
5,480.0 |
7,555.3 |
-27% |
4,405.7 |
24% |
21,137.3 |
18,531.2 |
14% |
|
ETP Options ADV |
261.0 |
343.4 |
-24% |
209.8 |
24% |
257.8 |
226.0 |
14% |
*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior period and year-to-date index options include SPXpmSM, which was moved to CBOEfrom C2 on February 17, 2013.
nm - not meaningful
C2 Market Share:
C2 market share of total industry volume in April 2014 was 1.8 percent, a 0.6-percentage-point decrease from April 2013 and a 0.3-percentage-point increase fromMarch 2014.
|
C2 Market Share Current Month |
Year-To-Date |
|||||||
|
Apr 2014 |
Apr 2013 |
% Pt. Chg |
Mar 2014 |
% Pt. Chg |
Apr 2014 |
Apr 2013 |
% Pt. Chg |
|
|
Total Exchange |
1.8% |
2.4% |
-0.6% |
1.5% |
0.3% |
1.7% |
1.8% |
-0.1% |
|
Equity Options |
0.5% |
0.6% |
-0.1% |
0.4% |
0.1% |
0.4% |
0.8% |
-0.4% |
|
Index Options* |
0.1% |
0.0% |
0.1% |
0.1% |
0.0% |
0.1% |
0.1% |
0.0% |
|
ETP Options |
4.3% |
5.3% |
-1.0% |
3.4% |
0.9% |
4.2% |
3.9% |
0.3% |
*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior period and year-to-date index options include SPXpmSM, which was moved to CBOEfrom C2 on February 17, 2013.
CFE Trading Volume and Highlights
- VIX futures ADV in April was 178,167 contracts, a decrease of four percent from April 2013 and a decrease of three percent from March 2014. Total volume in VIX futures during April was 3.74 million contracts.
- Year-to-date, VIX futures total volume of 16.12 million contracts and ADV of 196,565 contracts per day are both ahead of YTD 2013 by 22 percent.
- Exchange-wide ADV during April was 178,438 contracts, a four-percent decrease from a year ago and a three-percent decrease from March. Exchange-wide total volume during the month was 3.75 million contracts.
CBOE Holdings Average Revenue Per Contract
The company will report its average transaction fee per contract for the three months ended March 31, 2014, in conjunction with its quarterly earnings news release, which will be issued on Tuesday, May 6, 2014. This information also will be posted to the Investor Relations section of CBOE's web site under Financial Information, Supplemental Information (http://ir.cboe.com/supplementals.cfm).
