The Options Insider

August 2014 Trading Volume Reported By CBOE Holdings

by | Sep 3, 2014 | Industry

CBOE Holdings’ year-to-date ADV was 5.12 million contracts, 10 percent ahead of the same period one year ago.

August was the most active month ever for futures on the CBOE Volatility Index? (VIX? index), surpassing previous monthly volume and ADV records. VIX futures ADV increased 37 percent from a year earlier.

 

CBOE Trading Volume:

  • CBOE’s August ADV was 4.19 million contracts, even with August 2013 and a six-percent decrease from July 2014.
  • Index options ADV was 1.52 million contracts, a 12-percent increase from August 2013 and a six-percent increase from July 2014.
  • Exchange traded product (ETP) options ADV was 1.09 million contracts, a two-percent decrease from August 2013 and even with July 2014.
  • Equity options ADV was 1.58 million contracts, a seven-percent decrease from August 2013 and a 17-percent decrease from July 2014.

??? The five most actively traded index and ETP options at CBOE in August were options on S&P 500? Index (SPX), CBOE Volatility Index? (VIX? Index), Standard & Poor’s Depositary Receipt (SPY), iShares Trust – Russell 2000? Index Fund (IWM) and iPath S&P 500 VIX Short-Term Futures ETN (VXX).

 

CBOE Market Share:

CBOE’s market share of total U.S. options industry volume was 27.5 percent in August 2014, a decrease of 1.1 percentage points from August 2013 and unchanged from July 2014.

C2 Trading Volume:

C2’s August trading volume totaled 6.52 million contracts. ADV was 310,379 contracts, a nine-percent increase from August 2013 and a one-percent decrease from July 2014.

C2 Market Share:

C2 market share of total industry volume in August 2014 was 2.0 percent, an increase of 0.1 of a percentage point from both August 2013 and July 2014.

 

CBOE Futures Exchange (CFE) Trading Volume and Highlights

?August was the most active month ever in terms of total volume and ADV for CFE and VIX futures.

  • Average daily volume in VIX futures was a record 216,996 contracts in August, an increase of 37 percent from August 2013 and an increase of 10 percent from July 2014.
  • Trading volume in VIX futures outside of regular U.S. trading hours averaged nearly 22,000 contracts per day, approximately 10 percent of CFE’s total daily trading volume.
  • On August 1, CFE reported record trading volume in VIX futures during non-U.S. trading hours, with an estimated 68,033 contracts changing hands overnight. The record surpassed the previous record in non-U.S. trading hours of 59,505 contracts set on July 10, 2014.