This week, CBOE Holdings, Inc. (NASDAQ:?CBOE) reported that?June 2014?trading volume for options contracts on?Chicago Board Options Exchange??(CBOE?) and C2 Options ExchangeSM?(C2SM) and futures contracts on CBOE Futures ExchangeSM?(CFE?) totaled 100.18 million contracts. Average daily volume (ADV) was 4.77 million contracts, an 11-percent decrease from?June 2013?and a three-percent increase from?May 2014.
CBOE Holdings’?year-to-date ADV through June was 5.22 million contracts, a 12-percent increase from the same period one year ago.
CBOE June Trading Volume and Market Share
CBOE?Trading Volume
- CBOE’s ADV was 4.30 million contracts, an 11-percent decrease from?June 2013?and a two-percent increase from?May 2014.
- Index options ADV was 1.51 million contracts, a 10-percent decrease from?June 2013?and a three-percent increase from May 2014.??
- Equity options ADV was 1.74 million contracts, an eight-percent increase from?June 2013?and a four-percent increase from?May 2014.
- Exchange traded product (ETP) options ADV was 1.06 million contracts, a 32-percent decrease from?June 2013?and a two-percent decrease from?May 2014.
- The five most actively traded index and ETP options at?CBOE?in June were options on S&P 500??Index (SPX), CBOE Volatility Index??(VIX??Index), Standard & Poor’s Depositary Receipt (SPY), iPath S&P 500 VIX Short-Term Futures ETN (VXX), and iShares Trust – Russell 2000??Index Fund?(IWM).
CBOE Market Share
- CBOE’s?market share of total U.S. options industry volume was 28.1 percent, an increase of 1.4 percentage points from?June 2013?and an increase of 0.1 of a percentage point from?May 2014.
C2 Trading Volume and Market Share
C2 Trading Volume
- C2’s trading volume totaled 6.23 million contracts. ADV was 296,600 contracts, a 12-percent decrease from?June 2013?and an 11-percent increase from?May 2014.
C2 Market Share
- C2 market share of total industry volume was 1.9 percent, unchanged from?June 2013?and an increase of 0.1 of a percentage point from?May 2014.
CBOE Futures Exchange?(CFE) Trading Volume and Highlights
- VIX futures volume totaled nearly 3.7 million contracts.?
- VIX futures ADV was 173,893 contracts, a 21-percent increase from?May 2014?and a 17-percent decrease from?June 2013.
- Year-to-date through June, VIX futures ADV and total volume are 10 percent ahead of the prior-year period.
- On?June 22, CFE expanded VIX futures trading hours to nearly 24 hours a day, five days a week.? The trading week for VIX futures at CFE now begins each Sunday at?5:00 p.m. CT?and ends each Friday at?3:15 p.m. CT.? Year-to-date, volume in VIX futures during all non-U.S. trading hours is averaging more than 14,000 contracts per day, accounting for 7.7 percent of CFE’s total daily volume.?