CBOE Holdings Reports Record Trading Volume For 2014

CHICAGO, Jan. 5, 2015 /PRNewswire/ -- CBOE Holdings, Inc. CBOE reported today that trading activity reached new all-time highs in total volume and average daily volume (ADV) in 2014.  

CBOE Holdings consolidated trading volume for options contracts on Chicago Board Options Exchange^® (CBOE^®) and C2 Options Exchange^SM (C2^SM) and futures contracts on CBOE Futures Exchange^SM (CFE^®) totaled 1.3 billion contracts, an increase of 12 percent over the 1.2 billion contracts in 2013.  Average daily volume was 5.3 million contracts, an increase of 12 percent from the 4.7 million contracts per day in 2013.

New records for annual total volume and average daily volume were also set at CBOE, C2 and CFE in 2014.      

CBOE Trading Volume and Market Share

CBOE Volume:

• Total trading volume at CBOE for 2014 was a record 1.2 billion contracts, up 11 percent from 2013. ADV reached a new all-time high of 4.7 million contracts, also up 11 percent from 2013.
• Total index options volume at CBOE reached a new all-time high of 405.9 million contracts, driven by record volume of 223.8 million contracts in S&P 500 Index (SPX) options and record volume of 159.4 million contracts in CBOE Volatility Index^® (VIX^® Index) options.
• For the year, ADV in CBOE's equity options was 1.9 million contracts, up 14 percent from 2013, index options was 1.6 million contracts, up nine percent from 2013, and exchange traded product (ETP) options was 1.2 million contracts, up 11 percent from 2013.
• Expanded December 2014 and full-year 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 in 2014 was 28.0 percent, an increase of 2.0 percentage points from 2013.  Equity and ETP options both posted percentage point gains over the previous year, while index options remained on par with 2013. 

C2 Trading Volume and Market Share

C2 Volume:

• Total trading volume at C2 for 2014 was a record 81.4 million contracts, up six percent from 2013.  ADV on the year was 322,968 contracts, also a new all-time high, and an increase of six percent from the prior year.   

C2 Market Share:

• C2's market share of total U.S. options industry volume in 2014 was 1.9 percent, unchanged from 2013.  Market share in ETP options grew 0.3 of a percentage point over 2013. 

CBOE Futures Exchange Trading Volume

• Exchange-wide trading volume and ADV at CFE set new annual records for a fifth consecutive year in 2014. Total exchange-wide volume was 50.6 million contracts, up 26 percent from 2013, while ADV at CFE was 200,854 contracts, also up 26 percent from 2013.
• The top five -- and seven of the top ten -- highest volume trading months in CFE history occurred during 2014.
• Trading volume in VIX futures also set new total volume and average daily volume records for a fifth straight year in 2014. The 50.5 million VIX futures contracts in 2014 was an increase of 27 percent from the 39.9 million contracts in 2013, the previous record. ADV in VIX futures was 200,521 contracts, up 27 percent from the ADV of 158,508 contracts in 2013.
• New records were set during the year for single-day, weekly, monthly, quarterly and annual trading volumes for VIX futures.

CBOE Holdings Average Transaction Fee Per Contract 

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

Trading Volume Records in 2014

About CBOE Holdings:
CBOE Holdings, Inc. 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, Weeklys 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.

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CBOE^®, Chicago Board Options Exchange^®, CFE^®, Execute Success^®, FLEX^®, LEAPS^®, CBOE Volatility Index^® and VIX^® are registered trademarks, and BuyWrite^SM, BXM^SM, CBOE Futures Exchange^SM, SPX^SM, The Options Institute^SM and Weeklys^SM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2^SM and C2 Options Exchange^SM are service marks of C2 Options Exchange, Incorporated (C2). Russell 2000^® is a registered trademark of Frank Russell Company, 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.

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SOURCE CBOE Holdings, Inc.