The Options Insider

CBOE February ADV Up 37% From Previous Year

by | Mar 4, 2014 | Industry

CBOE Holdings, Inc.?(NASDAQ:?CBOE) has reported that February 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 113.51 million contracts. Average daily volume (ADV) was nearly six million contracts, a 37-percent increase from?February 2013?and a three-percent increase from?January 2014.

CBOE Volatility Index? (VIX? Index) options and futures and WeeklysSM?options on the S&P 500? Index (SPXSM) recorded their highest monthly ADV ever during February.

Here’s a breakdown of February numbers.

CBOE?Trading Volume

  • CBOE ADV was 5.43 million contracts, a 37-percent increase from?February 2013?and a three-percent increase from?January 2014.
  • Equity options ADV was 2.13 million contracts, a 37-percent increase from?February 2013?and an eight-percent decrease from?January 2014.
  • Index options ADV was 1.92 million contracts, a 36-percent increase from?February 2013?and an eight-percent increase from?January 2014. CBOE VIX options and S&P 500 Index Weeklys options (SPXW) set monthly ADV records of 857,361 contracts and 294,571 contracts, respectively.
  • Exchange traded product (ETP) options ADV was 1.38 million contracts, a 39-percent increase from?February 2013?and an 18-percent increase from?January 2014.
  • The five most actively traded index and ETP options at?CBOE were?SPX?options,?VIX?options, Standard & Poor’s Depositary Receipt (SPY) options, iShares Trust – Russell 2000??Index Fund?(IWM) options and iPath S&P 500 VIX Short-Term Futures ETN (VXX) options.

CBOE Market Share

  • CBOE’s?market share of total U.S. options industry volume was 29.9 percent, an increase of 6.5 percentage points from?February 2013?and an increase of 1.5 percentage points from?January 2014.

C2 Trading Volume and Market Share

  • Trading volume totaled 6.28 million contracts with ADV at 330,700 contracts, a 26-percent increase from?February 2013?and a six-percent increase from January 2014.
  • C2 market share of total industry volume was 1.8 percent, a 0.2-percentage-point increase from?February 2013?and a 0.1-percentage-point increase from?January 2014.

CFE Trading Volume and Highlights

  • VIX futures set a new all-time monthly record for ADV in February with 216,797 contracts, surpassing the previous monthly ADV record for VIX futures at 210,674 contracts set in June 2013.
  • Record ADV was a 35-percent increase from?February 2013?and a three-percent increase from January 2014. ?