Trading volume during November totaled 53,174 contracts, a decline of 72 percent from November 2007, the busiest month in CFE history when an all-time record of 189,408 contracts traded.When compared to the volume of 124,289 contracts traded during the previous month, which contained four additional trading days, November 2008 trading volume was down 57 percent.During November 2008, average daily volume was 2,798 contracts traded.
Monthly volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 52,335 contracts, down 56 percent from the 120,280 contracts traded in October 2008.Average daily volume in VIX futures during November 2008 was 2,754 contracts, compared to 5,229 contracts per day last month.
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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).
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CBOE Futures Exchange November 2008 Volume Summary |
|||||
|---|---|---|---|---|---|
|
|
Nov 2008 Volume 19 trading days |
% Change vs Nov 2007* 21 trading days |
% Change vs Oct 2008 23 trading days |
Year-To-Date Volume 231 trading days |
% Changevs 2007 231 trading days |
|
Exchange |
53,174 |
-72% |
-57% |
1,119,553 |
+7% |
|
Average Daily Volume |
2,798 |
-69% |
-50% |
4,847 |
+7% |
|
NOTE: * November 2007 was the busiest month in CFE history. |
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.
