- January ADV Up 36% from January 2013 and 28% from December
- CBOE VIX options and futures establish new monthly volume records
CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that January trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2SM) and futures contracts on CBOE Futures ExchangeSM (CFE®) totaled 121.45 million contracts. Average daily volume (ADV) was 5.78 million contracts, a 36-percent increase from January 2013 and a 28-percent increase from December 2013.
During the month, CBOE Volatility Index® (VIX® Index) options established an all-time-monthly ADV record, and VIX futures set an all-time monthly volume record.
|
CBOE Holdings Consolidated Trading Volume |
|||||
|
(trades in thousands) |
Jan-14 |
Jan-13 |
% Chg |
Dec-13 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
||
|
Total Contracts (options & futures) |
121,446.6 |
89,019.9 |
36% |
94,805.6 |
28% |
|
Total Options Contracts (CBOE & C2) |
117,039.4 |
86,092.3 |
36% |
91,604.4 |
28% |
|
Total Futures Contracts (CFE) |
4,407.2 |
2,927.6 |
51% |
3,201.2 |
38% |
|
Total ADV (options & futures) |
5,783.2 |
4,239.0 |
36% |
4,514.6 |
28% |
|
Total Options ADV (CBOE & C2) |
5,573.3 |
4,099.6 |
36% |
4,362.2 |
28% |
|
Total Futures ADV (CFE) |
209.9 |
139.4 |
51% |
152.4 |
38% |
CBOE Trading Volume and Market Share
CBOE Trading Volume:
- CBOE's January ADV was 5.26 million contracts, a 37-percent increase from January 2013 and a 29-percent increase from December 2013.
- Equity options ADV was 2.31 million contracts, a 49-percent increase from January 2013 and a 37-percent increase from December 2013.
- Exchange traded product (ETP) options ADV was 1.17 million contracts, a 52-percent increase from January 2013 and an 18-percent increase from December 2013.
- Index options ADV was 1.78 million contracts, a 17-percent increase from January 2013 and a 27-percent increase from December 2013.
- VIX Index and SPX Weeklys(SM) (SPXW) options established new monthly records in January. VIX options ADV was a record 791,978 contracts, beating the previous monthly record set in October 2013. SPXW options set all-time-high volume and ADV records at 5.85 million contracts and 278,537 contracts, respectively, surpassing previous records in May 2013.
- The five most actively traded index and ETP options at CBOE in January were S&P 500 Index (SPXSM) options, CBOE Volatility Index (VIX Index) options, Standard & Poor's Depositary Receipt (SPY) options, iPath S&P 500 VIX Short-Term Futures ETN (VXX) options and PowerShares QQQ Trust (QQQ) options.
|
CBOE Trading Volume Current Month |
|||||
|
(trades in thousands) |
Jan-14 |
Jan-13 |
% Chg |
Dec-13 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
||
|
Total Exchange |
110,503.4 |
80,839.6 |
37% |
85,875.1 |
29% |
|
Total Exchange ADV |
5,262.1 |
3,849.5 |
37% |
4,089.3 |
29% |
|
Equity Options |
48,587.4 |
32,613.1 |
49% |
35,579.9 |
37% |
|
Equity Options ADV |
2,313.7 |
1,553.0 |
49% |
1,694.3 |
37% |
|
Index Options |
37,335.0 |
32,027.7 |
17% |
29,487.0 |
27% |
|
Index Options ADV |
1,777.9 |
1,525.1 |
17% |
1,404.1 |
27% |
|
ETP Options |
24,581.0 |
16,198.8 |
52% |
20,808.2 |
18% |
|
ETP Options ADV |
1,170.5 |
771.4 |
52% |
990.9 |
18% |
Expanded January 2014 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 28.4 percent in January 2014, an increase of 5.4 percentage points from January 2013 and an increase of 1.6 percentage points from December 2013.
|
CBOE Market Share Current Month |
|||||
|
Jan-14 |
Jan-13 |
% Pt. Chg |
Dec-13 |
% Pt. Chg |
|
|
Total Exchange |
28.4% |
23.0% |
5.4% |
26.8% |
1.6% |
|
Equity Options |
21.5% |
14.8% |
6.7% |
19.8% |
1.7% |
|
Index Options |
97.8% |
94.9% |
3.0% |
97.6% |
0.2% |
|
ETP Options |
19.6% |
15.2% |
4.4% |
18.9% |
0.7% |
C2 Trading Volume and Market Share
C2 Trading Volume:
- C2's January trading volume totaled 6.54 million contracts. ADV was 311,200 contracts, a 24-percent increase from January 2013 and a 14-percent increase from December 2013.
|
C2 Trading Volume Current Month |
|||||
|
(trades in thousands) |
Jan-14 |
Jan-13 |
% Chg |
Dec-13 |
% Chg |
|
Trading Days |
21 |
21 |
21 |
||
|
Total Exchange |
6,536.0 |
5,252.7 |
24% |
5,729.3 |
14% |
|
Total Exchange ADV |
311.2 |
250.1 |
24% |
272.8 |
14% |
|
Equity Options |
854.9 |
2,451.2 |
-65% |
641.6 |
33% |
|
Equity Options ADV |
40.7 |
116.7 |
-65% |
30.6 |
33% |
|
Index Options* |
29.2 |
84.2 |
nm |
20.4 |
43% |
|
Index Options ADV* |
1.4 |
4.0 |
nm |
1.0 |
43% |
|
ETP Options |
5,651.8 |
2,717.3 |
108% |
5,067.3 |
12% |
|
ETP Options ADV |
269.1 |
129.4 |
108% |
241.3 |
12% |
*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior period index options include SPXpmSM, which was moved to CBOE from C2 on February 17, 2013.
nm -- not meaningful
C2 Market Share:
C2's market share of total industry volume in January 2014 was 1.7 percent, a 0.3-percentage-point increase from January 2013 and a 0.1-percentage-point decrease from December 2013.
|
C2 Market Share Current Month |
|||||
|
Jan-14 |
Jan-13 |
% Pt. Chg |
Dec-13 |
% Pt. Chg |
|
|
Total Exchange |
1.7% |
1.4% |
0.3% |
1.8% |
-0.1% |
|
Equity Options |
0.4% |
1.1% |
-0.7% |
0.4% |
-- |
|
Index Options* |
0.1% |
0.2% |
nm |
0.1% |
-- |
|
ETF Options |
4.5% |
2.5% |
2.0% |
4.6% |
-0.1% |
*Russell 2000 Index options began trading on C2 on September 3, 2013. Prior period index options include SPXpm, which was moved to CBOE from C2 on February 17, 2013.
nm -- not meaningful
CFE Trading Volume and Highlights
- CBOE Futures Exchange and VIX futures both established monthly volume records in January.
- January trading volume in VIX futures totaled a record 4.40 million contracts, a 52-percent increase from January 2013 and a 38-percent increase from December 2013. The previous monthly volume record for VIX futures was 4.21 million contracts traded in June 2013.
- Average daily volume (ADV) in VIX futures during January was 209,611 contracts, VIX futures' second-busiest monthly ADV, trailing only the 210,674 contracts per day in June 2013.
CBOE Holdings Average Transaction Fee Per Contract
The company will report its average transaction fee per contract for the three months ended December 31, 2013, in conjunction with its quarterly earnings news release, which will be issued on Friday, February 7, 2014. This information also will be posted to the Investor Relations section of CBOE's web site under Financial Information, Supplemental Information.
