Trading Volume of VIX Futures At CBOE Futures Exchange Sets New Single-Day Record

The CBOE Futures Exchange, LLC (CFE) announced today that volume during Friday's trading session set a new single-day record at CFE as a total of 1,194 contracts were traded. Today's volume surpassed the previous high of 583 contracts traded on March 31, 2004. CFE, which launched on March 26, 2004, is a new all-electronic, futures exchange offering futures on the CBOE Volatility Index (VIX).

"We are extremely pleased with the early acceptance of VIX futures. To trade over 1,000 contracts today, only four weeks after its introduction, is very encouraging," said Patrick Fay, Managing Director of the CBOE Futures Exchange. "Additionally, liquidity continues to develop as open interest has been growing steadily each day."

VIX futures (ticker symbol VX) are based on the CBOE Volatility Index, which was first introduced in 1993 and quickly became the benchmark index of market sentiment. Derived from real-time S&P 500 Index option prices, VIX is designed to reflect investors' consensus view of expected stock market volatility over the next 30 days.

CFE, a wholly-owned subsidiary of Chicago Board Options Exchange, Incorporated, is a new, all-electronic exchange, using CBOEdirect as the trading platform. CFE trades are cleared by the triple-A rated Options Clearing Corporation (OCC). More information on CFE and VIX futures, including contract specifications, can be found at http://www.cboe.com/VIX or http://www.cboe.com/CFE.