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Compared to a year ago, May 2009 total volume fell 52 percent from 119,327 contracts traded in May 2008, the busiest May ever at CFE.Average daily volume during the month was off 50 percent versus 5,679 contracts per day during the same month last year.May was the most active trading month of 2009 and the busiest since last October.
May 2009 volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 55,092 contracts, an increase of 22 percent from 45,194 contracts traded during the previous month, but down 51 percent from 113,407 contracts traded in May 2008.May's average daily volume in VIX futures was 2,755 contracts, up 28 percent from 2,152 contracts per day in April, but down 49 percent when compared to 5,400 contracts per day from a year ago.
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CBOE Futures Exchange May 2009 Volume Summary |
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|---|---|---|---|---|---|
|
|
May 2009 Volume 20 trading days |
% Change vs May 2008 21 trading days |
% Change vs Apr 2009 21 trading days |
Year-To Date Volume 102 trading days |
% Change vs 2008 104 trading days |
|
Exchange |
56,728 |
-52% |
+22% |
236,084 |
-54% |
|
Average Daily Volume |
2,836 |
-50% |
+28% |
2,315 |
-53% |
Volume in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 1,596 contracts traded during May, 31 percent above the 1,222 contracts in April.CBOE mini-VIX futures contracts 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 six different contracts, including: the CBOE Volatility Index (VIX), CBOE DJIA Volatility Index (VXD), 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 triple-A-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.
