For February, the CBOE Futures Exchange, LLC (CFE?) saw a second straight month of new all-time highs for average daily volume (ADV), total volume and single-day volume in futures on the CBOE Volatility Index? (VIX?).
These same records had also been set for total exchange-wide trading, according to a press release.? ??????
In February, average daily volume in VIX futures hit an all-time high of 161,176 contracts.? This record ADV surpassed the 66,924 contracts per day in February 2012 by 141 percent and January?s ADV of 137,988 contracts–the previous record–by 17 percent.
VIX futures had their two most-active trading days on consecutive days in February: 302,278 contracts on February 25 (a first time for single-day volume topping the 300,000-contract-mark) and 299,566 contracts on February 26.? The previous single-day volume record for VIX futures came on January 2, 2013 with 221,323 contracts. ? ??
February’s 3,062,344 total VIX futures contracts traded represented a 129 percent jump from the previous February’s 1,338,471 contracts traded. Last month, volume increased ?six percent from January’s record 2,897,739 contracts traded even with two less trading days in the month.?
From February’s activity, it was the first time that total monthly volume in VIX futures hit the three-million-contract mark and the sixth straight month its volume surpassed the two-million-contract mark. ? ??