CFE's February Volume Rises 73% Over Year-Ago - Monthly Volume In VIX Futures Increases 68%

The CBOE Futures Exchange, LLC (CFE) announced today that trading volume during February 2008 totaled 80,948 contracts, an increase of 73% over February 2007's volume of 46,802 contracts. February's average daily volume was 4,047 contracts, compared to the year-ago average daily volume of 2,463 contracts.

Monthly volume in VIX futures, which are based on the CBOE Volatility Index (ticker VX), totaled 71,893 contracts, a 68% rise over the same time period last year with a volume of 42,918 contracts. Average daily volume in VIX futures during February was 3,595 contracts, versus the 2,259 contracts from February 2007.

Volume in futures on the CBOE DJIA Volatility Index (ticker DV) totaled 5,190 contracts traded during February, increasing 50% over the year-ago total of 3,453 contracts. Trading activity in the CBOE Russell 2000 Volatility Index futures, RVX, (ticker VR) totaled 3,033 contracts, down 14% over January 2008's trading volume of 3,545 contracts. VR futures were launched on July 6, 2007.

Total exchange open interest stood at 52,414 contracts at the end of February, 32%ahead of February 2007.

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.