SYS-CON MEDIA Authors: Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel, Peter Silva

News Feed Item

CBOE Holdings Reports February Volume

- February ADV up 37% from a year ago and 3% from January

CHICAGO, March 3, 2014 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) reported today 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 Holdings, Inc. logo.

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.

CBOE Holdings Consolidated Trading Volume

Year-To-Date

(trades in thousands)

Feb-14

Feb-13

% Chg

Jan-14

% Chg

Feb-14

Feb-13

% Chg

Trading Days

19

19


21


40

40


Total Contracts      (options & futures)

113,508.1

83,140.3

37%

121,446.5

-7%

234,954.5

172,160.3

36%

Total Options Contracts      (CBOE & C2)

109,384.6

80,052.5

37%

117,039.4

-7%

226,423.9

166,144.9

36%

Total Futures Contracts (CFE)

4,123.5

3,087.8

34%

4,407.1

-6%

8,530.6

6,015.4

42%










Total ADV                 (options & futures)

5,974.1

4,375.8

37%

5,783.2

3%

5,873.9

4,304.0

36%

Total Options ADV    (CBOE & C2)

5,757.1

4,213.3

37%

5,573.3

3%

5,660.6

4,153.6

36%

Total Futures ADV (CFE)

217.0

162.5

34%

209.9

3%

213.3

150.4

42%

CBOE Trading Volume and Market Share

CBOE Trading Volume:

  • CBOE's February 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 in February 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 Trading Volume Current Month

Year-To-Date

(trades in thousands)

Feb-14

Feb-13

% Chg

Jan-14

% Chg

Feb-14

Feb-13

% Chg

Trading Days

19

19


21


40

40


Total Exchange

103,100.7

75,053.9

37%

110,503.4

-7%

213,604.1

155,893.5

37%

Total Exchange ADV

5,426.4

3,950.2

37%

5,262.1

3%

5,340.1

3,897.3

37%

Equity Options

40,381.7

29,405.9

37%

48,587.4

-17%

88,969.1

62,019.0

43%

Equity Options ADV

2,125.4

1,547.7

37%

2,313.7

-8%

2,224.2

1,550.5

43%

Index Options

36,474.6

26,827.1

36%

37,335.0

-2%

73,809.6

58,854.8

25%

Index Options ADV

1,919.7

1,412.0

36%

1,777.9

8%

1,845.2

1,471.4

25%

ETP Options

26,244.4

18,820.9

39%

24,581.0

7%

50,825.4

35,019.7

45%

ETP Options ADV

1,381.3

990.6

39%

1,170.5

18%

1,270.6

875.5

45%

Expanded February 2014 and year-to-date volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE Market Share:
CBOE's market share of total U.S. options industry volume was 29.9 percent in February 2014, an increase of 6.5 percentage points from February 2013 and an increase of 1.5 percentage points from January 2014.

CBOE Market Share Current Month

Year-To-Date


Feb-14

Feb-13

% Pt. Chg

Jan-14

% Pt. Chg

Feb-14

Feb-13

% Pt. Chg

Total Exchange

29.9%

23.4%

6.5%

28.4%

1.5%

29.1%

22.9%

6.2%

Equity Options

21.6%

15.9%

5.7%

21.5%

0.1%

21.5%

15.3%

6.2%

Index Options

96.7%

94.6%

2.1%

97.8%

-1.1%

97.3%

94.7%

2.6%

ETP Options

21.8%

17.4%

4.4%

19.6%

2.2%

20.7%

16.3%

4.4%

C2 Trading Volume and Market Share

C2 Trading Volume:
C2's February trading volume totaled 6.28 million contracts. ADV was 330,700 contracts, a 26-percent increase from February 2013 and a six-percent increase from January 2014.

C2 Trading Volume Current Month

Year-To-Date

(trades in thousands)

Feb-14

Feb-13

% Chg

Jan-14

% Chg

Feb-14

Feb-13

% Chg

Trading Days

19

19


21


40

40


Total Exchange

6,283.8

4,998.6

26%

6,536.0

-4%

12,819.8

10,251.3

25%

Total Exchange ADV

330.7

263.1

26%

311.2

6%

320.5

256.3

25%

Equity Options

643.7

1,362.7

-53%

854.9

-25%

1,498.7

3,813.9

-61%

Equity Options ADV

33.9

71.7

-53%

40.7

-17%

37.5

95.3

-61%

Index Options

40.3

52.0

nm

29.2

38%

69.5

136.3

nm

Index Options ADV

2.1

2.7

nm

1.4

52%

1.7

3.4

nm

ETP Options

5,599.8

3,583.9

56%

5,651.8

-1%

11,251.6

6,301.2

79%

ETP Options ADV

294.7

188.6

56%

269.1

10%

281.3

157.5

79%

*Russell 2000 Index options began trading on C2 on September 3, 2013.  Prior period and year-to-date index options include SPXpmSM, which was moved to CBOE from C2 on February 17, 2013.

nm – not meaningful

C2 Market Share:
C2 market share of total industry volume in February 2014 was 1.8 percent, a 0.2-percentage-point increase from February 2013 and a 0.1-percentage-point increase from January 2014.

C2  Market Share Current Month

Year-To-Date


Feb-14

Feb-13

% Pt. Chg

Jan-14

% Pt. Chg

Feb-14

Feb-13

% Pt. Chg

Total Exchange

1.8%

1.6%

0.2%

1.7%

0.1%

1.7%

1.5%

0.2%

Equity Options

0.3%

0.7%

-0.4%

0.4%

-0.1%

0.4%

0.9%

-0.5%

Index Options

0.1%

0.2%

nm

0.1%

--

0.1%

0.2%

nm

ETP Options

4.7%

3.3%

1.4%

4.5%

0.2%

4.6%

2.9%

1.7%

*Russell 2000 Index options began trading on C2 on September 3, 2013.  Prior period and year-to-date index options include SPXpmSM, which was moved to CBOE from C2 on February 17, 2013.

nm – not meaningful

CFE Trading Volume and Highlights

  • VIX futures set a new all-time monthly record for ADV in February -- 216,797 contracts. The previous monthly ADV record for VIX futures -- 210,674 contracts -- was set in June 2013.
  • February's record ADV was a 35-percent increase from February 2013 and a three-percent increase from January 2014.  

CBOE Holdings Average Revenue Per Contract 

The following represents the average revenue per contract based on a three-month rolling average, reported on a one-month lag.  The average revenue per contract represents total transaction fees for CBOE, C2 and CFE recognized for the period divided by total contracts traded on all three exchanges during the period.  Average revenue per contract can be affected by various factors, including exchange fee rates, volume-based discounts and transaction mix by contract type and product type.

(In Dollars)

      Three-Month Period Ended

Product:

Jan-14

Dec-13

Nov-13

Oct-13

Equity Options

$0.079

$0.075

$0.076

$0.076

Index Options

$0.664

$0.666

$0.666

$0.666

ETP Options

$0.124

$0.125

$0.126

$0.124

     Total Options Average Revenue Per Contract

$0.273

$0.275

$0.275

$0.278

Futures

$1.602

$1.565

$1.556

$1.548

     Total Average Revenue Per Contract

$0.317

$0.316

$0.315

$0.320

About CBOE Holdings
CBOE Holdings, Inc. (NASDAQ: CBOE) is the holding company for Chicago Board Options Exchange, Incorporated (CBOE), CBOE Futures Exchange, LLC (CFE) and other subsidiaries. CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.

CBOE®, Chicago Board Options Exchange®, CFE®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, Execute SuccessSM, SPXSM, SPXpmSM, and The Options Institute are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2SM and C2 Options ExchangeSM are service marks of C2 Options Exchange, Incorporated (C2). Russell 2000® is a registered trademark of Russell Investments, used under license. Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE, C2 and CFE. All other trademarks and service marks are the property of their respective owners.

CBOE-V
CBOE-2
CBOE-EF

Logo - http://photos.prnewswire.com/prnh/20121022/MM97794LOGO-a

 

 

SOURCE CBOE Holdings, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!