The Options Insider

September 2014 Trading Volume Reported By CBOE Holdings

by | Oct 2, 2014 | Industry

CBOE Holdings’ year-to-date ADV was 5.13 million contracts, ten percent ahead of the same period one year ago.

In the third quarter, CFE and its CBOE Volatility Index? (VIX? Index) futures contract set all-time records for total trading volume for any quarter.

CBOE?Trading Volume:

  • CBOE’s September ADV was 4.65 million contracts, a seven-percent increase from September 2013 and an 11-percent increase from August 2014.
  • Equity options ADV was 1.92 million contracts, an eight-percent increase from September 2013 and a 22-percent increase from August 2014.
  • Exchange traded product (ETP) options ADV was 1.25 million contracts, a 13-percent increase from September 2013 and a 15-percent increase from August 2014.
  • Index options ADV was 1.47 million contracts, even with September 2013 and a three-percent decrease from August 2014.
  • The five most actively traded index and ETP options at CBOE in September were options on the S&P 500? Index (SPX), CBOE Volatility Index (VIX Index), Standard & Poor’s Depositary Receipt (SPY), iShares Trust – Russell 2000? Index Fund (IWM) and PowerShares QQQ Trust (QQQ).

 

CBOE Market Share:

CBOE’s market share of total U.S. options industry volume was 26.7 percent in September 2014, a decrease of 0.9 of a percentage point from September 2013 and a decrease of 0.8 of a percentage point from August 2014.

C2 Trading Volume:

C2’s September trading volume totaled 7.63 million contracts. ADV was 363,200 contracts, a 37-percent increase from September 2013 and a 17-percent increase from August 2014.

C2 Market Share:

C2 market share of total industry volume in September 2014 was 2.1 percent, an increase of 0.4 of a percentage point from September 2013 and an increase of 0.1 of a percentage point from August 2014.

CBOE Futures Exchange Trading Volume and Highlights

  • September ADV and total trading volume, both exchange-wide at CFE and for futures on the VIX Index, rose over year-ago levels, with the third quarter of 2014 experiencing record trading activity.
  • Average daily volume in VIX futures in September was 178,531 contracts, a 21-percent increase from September 2013 and an 18-percent decrease from the all-time-record ADV in August 2014.
  • Trading volume in VIX futures outside of regular U.S. trading hours averaged over 15,000 contracts per trading day in September, accounting for about nine percent of CFE’s total daily trading volume.