Trading volume during October totaled 124,289 contracts, an increase of 15 percent over the October 2007 volume of 108,103 contracts traded.When compared to the volume of 149,034 contracts traded during the previous month, October 2008 volume was down 17 percent.Thus far in 2008, September and October rank as the two busiest trading months on the year at CFE.
Year to date, 2008 trading volume is 25 percent ahead of the same period from a year ago.Through the end of October, total trading volume at CFE stands at 1,066,379 contracts, compared to 854,244 contracts through October 2007, which was a record period at CFE.Year-to-date average daily volume through the end of October stands at 5,030 contracts, 24 percent above 4,068 contracts per day from 2007.
Monthly volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 120,280 contracts, up 23 percent from the 97,776 contracts traded last year.Average daily volume in VIX futures during October 2008 was 5,230 contracts, compared to 4,251 contracts per day a year ago.
Volume in futures on the CBOE DJIA Volatility Index (ticker DV) totaled 1,981 contracts during October, whilevolume in the CBOE Russell 2000 Volatility Index futures, RVX, (ticker VR) totaled 1,606 contracts during the month.
|
CBOE Futures Exchange October 2008 Volume Summary |
|||||
|---|---|---|---|---|---|
|
|
Oct 2008 Volume 23 trading days |
% Change vs Oct 2007 23 trading days |
% Change vs Sep 2008 21 trading days |
Year-To-Date Volume 212 trading days |
% Changevs 2007 210 trading days |
|
Exchange |
124,289 |
+15% |
-17% |
1,066,379 |
+25% |
|
Average Daily Volume |
5,404 |
+15% |
-24% |
5,030 |
+24% |
Also during the month, CFE and OptionsCity, a Chicago-based independent trading software vendor, announced that OptionsCity completed the vendor certification process for the CBOE Futures Exchange and has been approved to provide its customers that are CFE Trading Privilege Holders with connectivity to CFE.Users who connect to CFE via the OptionsCity Metro trading platform will possess both trading and market making capabilities at the exchange.More specifically, the platform will enable users to route orders and/or stream quotes electronically into CFE's marketplace.
CFE currently offers futures on seven different contracts, including: the CBOE Volatility Index (VIX), CBOE DJIA Volatility Index (VXD), CBOE Nasdaq-100 Volatility Index (VXN), CBOE Russell 2000 Volatility Index (RVX), CBOE S&P 500 3-Month and 12-Month Variance (VT and VA, respectively), and the CBOE S&P 500 BuyWrite Index (BXM).
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.
