Futures On The CBOE Russell 2000 Volatility Index Make Successful Debut On The CBOE Futures Exchange - After One Month Of Trading, Contract Has Been CFE's Most Successful New Product Launch To Date

The CBOE Futures Exchange, LLC (CFE) announced today that the futures contract on the CBOE Russell 2000 Volatility Index (RVX) has been the most successful new product launch to date at the exchange. The contract, which launched on Friday, July 6, 2007, has experienced active market participation and solid trading volume during its first month of being listed on CFE.

During the first full month of trading, volume in RVX futures (futures symbol VR) has totaled 5,898 contracts (4,437 contracts in July and 1,461 contracts during the first three days of August).At the close of trading on Friday, August 3, open interest in RVX futures stood at 2,428 contracts.

"We couldn't be more pleased with the initial results from the launch of futures on the CBOE Russell 2000 Volatility Index.The nearly 6,000 contracts traded during the first month is testament to the appeal of a volatility contract based on the Russell 2000 Index and the increasing demand from market participants seeking access to a broad spectrum of innovative new investment products," said Andrew Lowenthal, Managing Director, CBOE Futures Exchange."With the addition of the CBOE Russell 2000 Volatility Index, CFE now lists futures on several of CBOE's major volatility benchmarks, truly making CFE the home for volatility futures."

"Such strong demand for this innovative product demonstrates the industry's growing appetite for the full range of derivatives based on the leading small-cap benchmark," said Kelly Haughton, Strategic Director for Russell Indexes. "CFE's successful launch of futures on the CBOE Russell 2000 Volatility Index offers investors who seek access to the true and complete small-cap segment of the market another option for hedging and trading the small-cap benchmark."

The CBOE Russell 2000 Volatility Index (RVX) is based on real-time Russell 2000 Index (RUT) option prices, and is designed to reflect investors' consensus view of future (30-day) expected market volatility of the Russell 2000 Index. RVX futures are cash-settled and trade on the February quarterly cycle, with current expirations in August, September and November in 2007, and February in 2008. The contract is 1,000 times the value of the RVX, which is calculated and disseminated by the CBOE throughout the trading day.Complete product specifications may be found on the CFE website at: http://cfe.cboe.com/Products/Products_VR.aspx.

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 the 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.