VIX Futures Volume In Non-U.S. Trading Hours Sets New Daily Record

The CBOE Futures Exchange, LLC (CFE®) today announced record volume was set in VIX Futures traded in non-U.S. trading hours with an estimated 235,000 contracts changing hands. Today’s record surpasses the previous single-day record of 140,811 contracts set during the overnight session on August 24, 2015.

With the addition of today’s trading data, monthly volume in VIX Futures in non-U.S. trading hours also set a record, with June volume traded in the overnight session totaling an estimated 753,000 contracts for the month so far, surpassing the prior record of 650,454 set in January 2016.

The jump in overnight trading volume followed a drop in global markets after the Thursday night release of results of the U.K. referendum in which voters decided that Britain should leave the European Union.

VIX options and futures enable investors to trade volatility independent of the direction or the level of stock prices. Whether an investor's market outlook is bullish, bearish or in between -- VIX options and futures offer the ability to diversify a portfolio or hedge, mitigate or capitalize on broad market volatility.