June Volume At CBOE Rises 5% - Year-To-Date Volume Is Up 34% From 2003

The Chicago Board Options Exchange (CBOE), the world's largest options exchange, announced today that June volume totaled 26,545,956 contracts traded, an increase of 5% over the June 2003 volume of 25,340,487 contracts. Through the end of June, CBOE's year-to-date volume of 180,722,766 contracts traded is 34% ahead of 2003's pace.

Exchange Volume, June 2004

Total Volume

26,545,956 contracts

+5% vs year-ago (Jun 03)

-5% vs previous month (May 04)

Average Daily Volume

1,264,093 contracts

+5% vs year-ago (Jun 03)

-9% vs previous month (May 04)

Open Interest

134,988,903 contracts

+30% vs year-ago (Jun 03)

-1% vs previous month (May 04)

Year-To-Date Volume

180,722,766 contracts

+34% vs YTD 2003

June highlights at CBOE included:

During June, volume in index options rose 13% as nearly 11 million contracts traded, while volume in stock option classes (equities) was flat as over 15 million contracts traded.

June was the tenth consecutive month that CBOE registered volume gains over year-ago levels.

Options on the S&P 500 Index (SPX) were the most-actively traded index options at CBOE during June as volume totaled 4,124,169 contracts, an increase of 41% over 2003. This was the fourth time in CBOE history - and all four have come in the last six months -- that SPX volume has surpassed four million contracts.

The top five stock option classes traded at CBOE during June were: Microsoft Corp. (MSFT), General Electric Co. (GE), Citigroup, Inc. (C), New York Community Bancorp, Inc. (NYB), and Taser International, Inc. (TASR).

Volume in June at the CBOE Futures Exchange (CFE), launched on March 26th, totaled 10,962 contracts, up 49% from May's 7,334 contracts. On June 16th, open interest at CFE reached a peak of 7,906 contracts, an increase of 52% over the May open interest peak of 5,196 on May 10th.

CBOE, regulated by the Securities and Exchange Commission (SEC), is the creator of listed options, and the world's largest options marketplace. For additional information about the CBOE and its products, access the CBOE website at http://www.cboe.com/.