On Thursday, the CBOE Futures Exchange, LLC (CFE?) announced that annual trading volume for total exchange-wide activity and futures on the CBOE Volatility Index??(VIX??Index) reached all-time highs in 2013. In addition, several other trading records had been set last year.?
Take a look.
2013 Trading Volume?
For a fourth consecutive year, exchange-wide trading volume at CFE set a new annual record with its 40.2 million contracts traded in 2013. This represented a 68 percent increase from 2012’s 23.9 million contracts traded.
CFE average daily volume (ADV) also reached a new high for a fourth straight year in 2013 as 159,498 contracts per day traded, 67 percent higher than 2012’s ADV of 95,569 contracts.?
VIX Futures
Trading volume in VIX futures totaled 39.9 million contracts for 2013, the fourth consecutive annual volume record. This surpassed the 23.8 million contracts traded in 2012 by 68 percent.
ADV for VIX futures was 158,508 contracts, also a fourth straight annual record, and up 67 percent from 2012.
December Trading
December CFE exchange-wide trading volume totaled 3.2 million contracts, an increase of 31 percent over December 2012 and an increase of 25 percent over November.
Monthly ADV during December was 152,440 contracts, an increase of 25 percent from a year ago and an increase of 19 percent from the previous month.
2013 Volume Records and Exchange Highlights
Exchange-Wide Volume Records
June 2013: Monthly Volume of?4,220,447 contracts and?Monthly ADV of?211,022 contracts
Single-Day Volume Record on April 15, 2013:?452,139 contracts
Quarterly Volume (Second Quarter 2013):?11,510,990 contracts
VIX Futures Volume Records
June 2013: Monthly Volume record of?4,213,488 contracts and?Monthly ADV of?210,674 contracts?
Single-Day Volume Record on April 15, 2013:?449,955 contracts
Quarterly Volume (Second Quarter 2013):?11,482,647 contracts
Exchange Highlights
? The top ten highest volume trading months in CFE history all occurred during 2013.
? Total exchange-wide open interest surpassed the 500,000 contract mark for the first time ever on January 16, 2013.
? Total exchange-wide monthly volume surpassed four million contracts traded for the first time in April.
? On June 24, the pricing method for CFE’s S&P 500 Variance futures contract was revised to more closely align with OTC variance swaps.
? On August 2, 2013 year-to-date volume in VIX futures surpassed the total volume for all of 2012.
? CFE introduced extended trading hours for VIX futures on October 28 (45-minute afternoon session) and November 4 (5-hour early morning session).
? CFE launched trading of futures on the CBOE Russell 2000 Volatility Index beginning November 18.