The CBOE Futures Exchange, LLC (CFE) today announced that February 2010 was the third-busiest trading month on record at the Exchange. A total of 188,236 contracts traded at CFE during February, up 359 percent compared to 41,051 contracts traded in February 2009, but down 15 percent from January 2010, when an all-time high of 221,025 contracts traded.
Since October, CFE has experienced four of the five busiest trading months in its six-year history - October 2009: 188,047 contracts (#4 busiest month all-time), November 2009: 184,558 contracts (#5), January 2010: 221,025 contracts (#1) and February 2010: 188,236 contracts (#3).
The 9,907 contracts traded per day during February was 359 percent above the year-ago average daily volume (ADV) of 2,160 contracts, and when compared to the record 11,632 contracts per day during the previous month, ADV during February was off 15 percent.
Current
Month |
Year-To-Date |
|||||||
|
February
2010 |
February
2009 |
%
Chg |
January
2010 |
%
Chg |
February
2010 |
February
2009 |
%
Chg |
Trading
Days |
19 |
19 |
|
19 |
|
38 |
39 |
|
Total
Exchange |
188,236 |
41,051 |
+359% |
221,025 |
-15% |
409,261 |
82,461 |
+396% |
Total
Exchange ADV |
9,907 |
2,160 |
+359% |
11,632 |
-15% |
10,770 |
2,115 |
+409% |
Coming off of an all-time record month in January, volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 187,725 contracts traded, a gain of 361 percent from 40,764 contracts in February 2009 and a drop of 15 percent from the record 220,226 contracts in January. Average daily volume in VIX futures during February was 9,880 contracts, 361 percent ahead of the 2,145 contracts per day from a year ago and 15 percent behind the record daily volume of 11,590 contracts from the previous month.
Volume in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 505 contracts during February, a decrease of 37 percent from the 796 contracts traded in January. 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 four different contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE S&P 500 3-Month Variance (VT) and CBOE S&P 500 12-Month Variance (VA).