The Options Insider

CBOE: 2013 Second-Best Year for Total Trading, Average Daily Volumes

by | Jan 3, 2014 | Industry

CBOE Holdings, Inc. (NASDAQ:?CBOE) reported its 2013 numbers and disclosed that it marked its second-best year in total trading volume and average daily volume (ADV).

CBOE Holdings?consolidated 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 nearly 1.19 billion contracts. Average daily volume (ADV) in 2013 was 4.71 million contracts, a four percent increase from 2012.?

CBOE?reported record ADV of 1.48 million contracts for its cash index options in 2013, an increase of 22 percent from a year earlier; this was led by record volume in?CBOE’s S&P 500??Index options (SPXSM) and CBOE Volatility Index??(VIX Index?) options.

SPX ADV was 823,369 contracts, a 19-percent increase from 2012; VIX options ADV was 567,460 contracts, a 29-percent increase.

CBOE Futures Exchange (CFE) reported its fourth consecutive year of record trading in VIX futures in 2013 when VIX futures ADV was 159,498 contracts, up 67 percent from 2012.

We wrote more about CFE’s 2013 numbers on Thursday.?

Here’s a look at CBOE’s December 2013 and total year numbers.

CBOE Trading Volume and Market Share

CBOE Volume

  • CBOE’s?2013 ADV was 4.25 million contracts, even with 2012 ADV.
  • December ADV was 4.09 million contracts, a 14-percent increase from?December 2012?and a two-percent decrease from November 2013. ?

CBOE Market Share

  • CBOE’s?December market share of total U.S. options industry volume was 26.8 percent, an increase of 3.8 percentage points from?December 2012?and an increase of 0.2 of a percentage point from?November 2013.

C2 Trading Volume and Market Share

C2 Volume

  • 2013 was a record volume year for C2 with ADV at 303,900 contracts, a 49-percent increase from 2012.
  • December ADV was 272,800 contracts ? a 30-percent increase from?December 2012?and a four-percent decrease from?November 2013.

C2 Market Share?

  • C2’s December market share of total U.S. options industry volume was 1.8 percent, an increase of 0.4 of a percentage point from?December 2012?and even with November 2013.

CBOE Futures Exchange Trading Volume

  • In 2013, VIX futures achieved new records in daily, monthly, quarterly and annual volumes.
  • The top ten highest volume trading months in CFE history all occurred during 2013.? ??
  • December?VIX ADV?was 152,155 contracts, a 25-percent increase from?December 2012?and a 21-percent increase from?November 2013.