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The CBOE Futures Exchange, LLC (CFE) today announced that average daily volume during June was the highest to date during 2009, while total trading volume at CFE reached its highest level since October 2008.The 3,012 contracts traded per day during June was an increase of six percent from 2,836 contracts traded during May 2009.Total trading volume during June 2009 was 66,254 contracts, 17 percent ahead of the previous month when 56,728 contracts changed hands.
Compared to a year ago, June 2009 total volume fell 33 percent from 99,501 contracts traded in June 2008.Average daily volume during the month was down 36 percent versus 4,738 contracts per day during the same month last year.
June 2009 volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 65,007 contracts, an increase of 18 percent from 55,092 contracts traded during the previous month, but a decline of 30 percent from 93,075 contracts traded in June 2008.June's average daily volume in VIX futures was 2,955 contracts, up seven percent from 2,755 contracts per day in May, but down 33 percent when compared to 4,432 contracts per day from a year ago.
| CBOE Futures
Exchange June 2009 Volume Summary |
|||||
|---|---|---|---|---|---|
| June 2009 Volume 22 trading days |
% Change vs June 2008 21 trading days |
% Change vs May 2009 20 trading days |
Year-To Date Volume 124 trading days |
% Change vs 2008 125 trading days |
|
| Exchange |
66,254 |
-33% |
+17% |
302,508 |
-50% |
| Average Daily Volume |
3,012 |
-36% |
+6% |
2,440 |
-50% |
Volume in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 1,202 contracts traded during June, 25 percent below the 1,596 contracts in May.CBOE mini-VIX futures contracts are one-tenth the size of CFE's standard CBOE VIX futures contract.CBOE mini-VIX futures were launched in March 2009.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.
