The CBOE Futures Exchange, LLC (CFE), today announced that trading volume during March 2008 totaled 108,812 contracts, an average daily volume of 5,441 contracts. This was an increase of 86% over March 2007 and 34% over February 2008 volume.
Monthly volume in VIX futures, which are based on the CBOE Volatility Index (ticker VX), totaled 98,351 contracts - an 82% rise over March 2007 volume and 37% greater than February 2008 volume.Average daily volume in VIX futures during March 2008 was 4,918 contracts.
Volume in futures on the CBOE DJIA Volatility Index (ticker DV) totaled 6,741 contracts during March, increasing 104% over the same period a year ago and 30% over February 2008.
Trading activity in the CBOE Russell 2000 Volatility Index futures, RVX, (ticker VR) totaled 3,500 contracts, up 15% over February 2008.VR futures were launched on July 6, 2007.Total CBOE Futures Exchange open interest stood at 45,581 contracts at the end of March, six percent ahead of March 2007.
| CBOE
Futures Exchange March 2008 Volume Summary |
|||||
|---|---|---|---|---|---|
| March
2008 Volume |
% Change
vs Mar 2007 |
% Change
vs Feb 2008 |
Year-To-Date Volume |
%
Changevs 2007 |
|
| Exchange |
108,812 |
+86% |
+34% |
286,501 |
+88% |
| Average Daily Volume |
5,441 |
+105% |
+34% |
4,697 |
+88% |
| Open Interest |
46,581 |
+6% |
-11% |
-- |
-- |
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.
