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The CBOE Futures Exchange, LLC (CFE) today announced that total trading volume and average daily volume during January established records for any month in the six-year history of the Exchange. Additionally, January trading activity in futures on the CBOE Volatility Index (VIX) also reached a new all-time high.
A total of 221,025 contracts traded at CFE during the month, an increase of 434 percent over 41,410 contracts traded in January 2009 and 57 percent greater than December 2009 volume of 141,002 contracts. January's volume record eclipsed the previous monthly record of 189,408 contracts during November 2007.
The 11,632 contracts traded per day during January was 462 percent ahead of the year-ago average daily volume (ADV) of 2,070 contracts, and when compared to 6,410 contracts per day during the previous month, ADV during January was up 81 percent. January's record ADV bested the old high of 9,228 contracts per day during November 2009.
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CBOE FUTURES EXCHANGE VOLUME SUMMARY Current Month |
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|
January 2010 |
January 2009 |
% Chg |
December 2009 |
% Chg |
|
Trading Days |
19 |
20 |
|
22 |
|
|
Total Exchange |
221,025 |
41,410 |
+434% |
141,002 |
+57% |
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Total Exchange ADV |
11,632 |
2,070 |
+462% |
6,410 |
+81% |
Volume in VIX futures, based on the CBOE Volatility Index (ticker VX), reached a new all-time high as 220,226 contracts traded, an increase of 438 percent from 40,911 contracts in January 2009 and a gain of 56 percent from 140,781 contracts in December. January's record volume topped the previous high of 187,628 contracts set in October 2009. Average daily volume in VIX futures during January was 11,590 contracts, 466 percent above the 2,046 contracts per day from a year ago and 81 percent ahead of the 6,399 contracts per day from the previous month
Volume in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 796 contracts during January, a rise of 281 percent from the 209 contracts traded in December. CBOE mini-VIX futures contracts, launched in March 2009, are one-tenth the size of CFE's standard CBOE VIX futures contract. Additional information on mini-VIX futures can be found at: http://cfe.cboe.com/Products/Products_VM.aspx.
CFE currently offers futures on five different contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE Russell 2000 Volatility Index (RVX), and CBOE S&P 500 3-Month and 12-Month Variance (VT and VA, respectively).
CFE, launched in March 2004, is a wholly owned subsidiary of Chicago Board Options Exchange, Incorporated, offering an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE trades are cleared by the AAA-rated Options Clearing Corporation (OCC). CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).
More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.
