New Weekly And Single-Day Volume Records Set At CBOE Futures Exchange - Open Interest Reaches New High

The CBOE Futures Exchange, LLC (CFE) announced today that volume during last week's five trading days set a record at the new exchange. For the week of April 26th to April 30th, volume at CFE totaled 3,809 contracts traded, surpassing the previous high of 1,778 during the week of April 19 through 23. At week's end, open interest stood at a new high of 4,449 contracts. In addition, on Thursday, April 29th, CFE traded 1,449 contracts, a new single-day record, besting the previous total of 1,194 contracts traded on April 23rd. CFE, which launched on March 26, 2004, is a new all-electronic, futures exchange offering futures on the CBOE Volatility Index (VIX).

"We are very pleased with CFE's steadily rising volumes and escalation in open interest," said Patrick Fay, Managing Director of the CBOE Futures Exchange. "These positive growth trends are driving an expansion of our customer base as VIX futures are proving to be a popular investment vehicle with more investors."

VIX futures (ticker symbol VX) are based on the CBOE Volatility Index, which was first introduced in 1993 and quickly became the benchmark index of market sentiment. Derived from real-time S&P 500 Index option prices, VIX is designed to reflect investors' consensus view of expected stock market volatility over the next 30 days.

CFE, a wholly-owned subsidiary of Chicago Board Options Exchange, Incorporated, is a new, all-electronic exchange, using CBOEdirect as the trading platform. CFE trades are cleared by the triple-A rated Options Clearing Corporation (OCC). More information on CFE and VIX futures, including contract specifications, can be found at http://www.cboe.com/VIX or http://www.cboe.com/CFE.