The CBOE Futures Exchange, LLC (CFE) today announced that August average daily volume of 4,343 contracts rose three percent over the 4,208 contracts per day during July 2008.
Total trading volume at CFE during August was 91,218 contracts, a decline of one percent from the July 2008 volume of 92,565 contracts traded.August had one fewer trading session than July.When compared to the year-ago volume of 183,173 contracts traded during August 2007, which was the second-busiest month for trading activity ever at CFE, August 2008 volume was down 50 percent.
Year-to-date, 2008 trading volume is 20 percent ahead of the same period from a year ago.Through the end of August, total trading volume at CFE stands at 792,672 contracts traded, compared to 661,456 contracts traded through August 2007, which was a record period at CFE.Year-to-date average daily volume through the end of August stands at 4,718 contracts, versus the 3,937 contracts per day from 2007.
Monthly volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 85,591 contracts, relatively unchanged from the 85,931 contracts traded during July 2008.Average daily volume in VIX futures during August 2008 was 4,076 contracts, up slightly from the 3,906 contracts per day in July 2008.
Volume in futures on the CBOE DJIA Volatility Index (ticker DV) totaled 2,472 contracts during August, a decrease of 14 percent from the previous monthly volume of 2,886 contracts traded.Volume in the CBOE Russell 2000 Volatility Index futures, RVX, (ticker VR) totaled 2,625 contracts during the month, off 13 percent from the July 2008 volume of 3,039 contracts.
| CBOE
Futures Exchange August 2008 Volume Summary |
|||||
|---|---|---|---|---|---|
| Aug 2008 Volume 21 trading days |
% Change vs Aug 2007 23 trading days |
% Change vs July 2008 22 trading days |
Year-To-Date Volume 168 trading days |
% Changevs 2007 168 trading days |
|
| Exchange |
91,218 |
-50% |
-1% |
792,672 |
+20% |
| Average
Daily Volume |
4,343 |
-45% |
+3% |
4,718 |
+20% |
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).
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 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.
