CBOE Holdings Records Highest Volume For Any Month In 2013 During June

CBOE Holdings, Inc.

reported today that June trading volume for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE®) totaled 107.52 million contracts, the highest monthly volume to date in 2013. Average daily volume (ADV) in June was 5.38 million contracts, up 14 percent from 4.71 million contracts in June 2012 and up 10 percent from 4.87 million contracts in May 2013. CBOE Trading Volume: CBOE ADV was 4.83 million contracts, up 12 percent from May 2013 ADV of 4.33 million contracts and up 10 percent from June 2012 ADV of 4.41 million contracts. CBOE index options ADV was 1.67 million contracts, up nine percent and 34 percent from May 2013 and June 2012, respectively. On June 20, 2013, S&P 500® Index options (SPX®) established a new daily volume record of nearly 2.30 million contracts, surpassing the previous record of almost 2.20 million contracts traded on May 20, 2010. CBOE exchange traded product (ETP) options ADV was 1.55 million contracts, up 28 percent from May 2013 and up nine percent from June 2012. CBOE equity options ADV was 1.61 million contracts, up two percent from May 2013 and down seven percent from June 2012. The five most actively traded index and ETP options at CBOE in June were S&P 500® Index (SPX) options, Standard & Poor's Depositary Receipt (SPY) options, CBOE Volatility Index® (VIX® Index) options, iShares Trust - Russell 2000 Index Fund (IWM) options and iPath S&P 500 VIX Short-Term Futures ETN (VXX) options. CBOE Market Share: CBOE market share of total U.S. options industry volume was 26.7 percent in June 2013, up two percentage points from May 2013 and down 1.7 percentage points from June 2012. If the volume from dividend trades was excluded from industry data for June, the Exchange's total market share would be 26.9 percent. Exclusion of dividend trades from total industry volume data presents a more relevant measure of the relative trends in the options business. C2 Trading Volume: C2 volume in June 2013 totaled 6.72 million contracts. ADV was 335,900 contracts, up 68 percent from June 2012 and down 15 percent from May 2013 ADV of 394,000 contracts. Year to date through June, C2 ADV was up 50 percent from the same period a year ago. ADV in C2's ETP options in June rose 131 percent from June 2012 and decreased 14 percent from May 2013. Year to date through June, ETP options ADV more than doubled from the same period a year ago. CBOE Futures Exchange Trading Volume In June 2013, 4.21 million VIX futures contracts changed hands at CFE, an all-time record for any month in CFE's history. The new monthly volume record beat the previous record – 4.06 million contracts -- traded in April 2013. VIX futures ADV in June also established a record with 210,674 contracts, beating the previous record of 184,398 contracts ADV in April 2013. VIX futures ADV in June increased 44 percent from 146,018 contracts ADV in May 2013 and rose 105 percent from 102,574 contracts ADV in June 2012. June also was the first month in which VIX futures averaged more than 200,000 contracts traded daily. Through June, VIX futures trading volume of 20.66 million contracts was up 108 percent from the same period in 2012. 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.