The CBOE Futures Exchange, LLC (CFE®) today announced record trading volume in CBOE Volatility Index® (VIX® index) futures during non-U.S. trading hours. An estimated 59,505 contracts traded from Wednesday afternoon to Thursday morning, surpassing the previous record in non-U.S. trading hours of 52,260 contracts set on January 31, 2014.
Over the last few years, CFE incrementally extended trading hours in VIX futures to keep pace with the growing customer demand for increased access. On June 22, CFE further expanded VIX futures trading hours to nearly 24 hours a day, five days a week to accommodate Asian market hours and to provide a growing worldwide user base even greater access and flexibility in trading VIX futures.
Through June, volume in VIX futures outside of regular U.S. trading hours averaged more than 14,000 contracts per day, accounting for 7.7 percent of CFE's total daily volume.
The trading week for VIX futures at CFE now begins each Sunday at 5:00 p.m. CT and ends each Friday at 3:15 p.m. CT. Monday through Thursday, CFE closes for 15 minutes at 3:15 p.m. CT before the new trading day begins at 3:30 p.m. CT. After Friday's 3:15 p.m. CT close, CFE remains closed until the start of the new trading week at 5:00 p.m. CT on Sunday.
