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Total trading volume during February 2009 was 41,051 contracts, a decline of one percent from 41,410 contracts traded during January 2009.When compared to year-ago volume of 80,948 contracts traded, which was the busiest February in CFE history, February 2009 volume was down 49 percent.February 2009 average daily volume of 2,160 contracts was off 47 percent versus 4,047 contracts per day during February 2008.
February 2009 volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 40,764 contracts, essentially unchanged from the 40,911 contracts traded during the previous month, while February's average daily volume of 2,145 VIX futures contracts was up five percent over January's 2,046 contracts per day.When compared to February 2008 total volume of 71,893 contracts and average daily volume of 3,595 contracts, February 2009 VX futures volumes were down 43 percent and 40 percent, respectively.
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CBOE Futures Exchange February 2009 Volume Summary |
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|---|---|---|---|---|---|
|
|
Feb 2009 Volume 19 trading days |
% Change vs Feb2008 20 trading days |
% Change vs Jan 2009 20 trading days |
Year-To Date Volume 39 trading days |
% Changevs 2008 41 trading days |
|
Exchange |
41,051 |
-49% |
-1% |
82,461 |
-54% |
|
Average Daily Volume |
2,160 |
-47% |
+4% |
2,115 |
-51% |
CFE currently offers futures on six different contracts, including: the CBOE Volatility Index (VIX), CBOE DJIA Volatility Index (VXD), CBOE Russell 2000 Volatility Index (RVX) and CBOE S&P 500 3-Month and 12-Month Variance (VT and VA, respectively).
Today, Monday, March 2, CFE launched trading in CBOE mini-VIX futures, a new contract which will be one-tenth the size of CFE's standard CBOE VIX futures contract.The new cash-settled CBOE mini-VIX futures contract (ticker symbol VM) initially will list March, April and May serial futures months, which coincide with CBOE's S&P 500 nearby options months. The new, smaller contract features a $100 multiplier versus $1,000 for the larger VIX futures contract, with a minimum price movement (tick) of $5 per contract.
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 the triple-A-rated Options Clearing Corporation (OCC). CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).
