- Total Volume of 99.2 Million Contracts Up 16% From May, Down 1% From Year Ago
- ADV of 4.5 Million Contracts, Up 6% From May, Down 5% From Year Ago
CHICAGO, July 1, 2015 /PRNewswire/ -- CBOE Holdings, Inc. CBOE reported today that total trading volume in June for options contracts on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE®) was 99.2 million contracts, an increase of 16 percent from May 2015 and a decrease of 1 percent from June 2014.
Total options and futures average daily volume (ADV) at CBOE Holdings for June was 4.5 million contracts, an increase of 6 percent from May 2015 and a decrease of 5 percent from June 2014.
|
CBOE Holdings Consolidated Trading Volume |
Year-To-Date | |||||||
|
(Contracts in thousands) |
June 2015 |
June 2014 |
% Chg |
May 2015 |
% Chg |
June 2015 |
June 2014 |
% Chg |
|
Trading Days |
22 |
21 |
20 |
124 |
124 |
|||
|
Total Contracts(options & futures) |
99,180.8 |
100,180.9 |
-1% |
85,286.9 |
16% |
566,578.4 |
647,247.7 |
-12% |
|
Total Options Contracts (CBOE & C2) |
94,539.0 |
96,523.9 |
-2% |
81,787.5 |
16% |
543,622.6 |
624,422.2 |
-13% |
|
Total Futures Contracts (CFE) |
4,641.8 |
3,657.0 |
27% |
3,499.4 |
33% |
22,955.8 |
22,825.5 |
1% |
|
Total ADV (options & futures) |
4,508.2 |
4,770.5 |
-5% |
4,264.4 |
6% |
4,569.2 |
5,219.7 |
-12% |
|
Total Options ADV (CBOE & C2) |
4,297.2 |
4,596.4 |
-7% |
4,089.4 |
5% |
4,384.1 |
5,035.6 |
-13% |
|
Total Futures ADV (CFE) |
211.0 |
174.1 |
21% |
175.0 |
21% |
185.1 |
184.1 |
1% |
CBOE Trading Volume and Market Share
CBOE Volume: June
- CBOE's ADV for the month was 4.0 million contracts, up 6 percent from May 2015 and down 7 percent from June 2014. Exchangewide trading volume totaled 87.7 million contracts, an increase of 16 percent from the previous month and a decrease of 3 percent from a year ago.
- June ADV in index options rose 14 percent, exchange-traded product (ETP) options increased 12 percent, and equity options decreased 7 percent from May 2015.
- Expanded volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.
|
CBOE Trading Volume Current Month |
Year-To-Date | |||||||
|
(contracts in thousands) |
June 2015 |
June 2014 |
% Chg |
May 2015 |
% Chg |
June 2015 |
June 2014 |
% Chg |
|
Trading Days |
22 |
21 |
20 |
124 |
124 |
|||
|
Total Exchange |
87,656.2 |
90,294.4 |
-3% |
75,312.9 |
16% |
503,690.7 |
588,014.3 |
-14% |
|
Total Exchange ADV |
3,984.4 |
4,299.7 |
-7% |
3,765.6 |
6% |
4,062.0 |
4,742.0 |
-14% |
|
Equity Options |
28,686.0 |
36,505.2 |
-21% |
27,973.0 |
3% |
194,751.9 |
240,907.4 |
-19% |
|
Equity Options ADV |
1,303.9 |
1,738.3 |
-25% |
1,398.7 |
-7% |
1,570.6 |
1,942.8 |
-19% |
|
Index Options |
35,564.6 |
31,616.9 |
12% |
28,271.3 |
26% |
175,774.0 |
199,244.8 |
-12% |
|
Index Options ADV |
1,616.6 |
1,505.6 |
7% |
1,413.6 |
14% |
1,417.5 |
1,606.8 |
-12% |
|
ETP Options |
23,405.6 |
22,172.3 |
6% |
19,068.6 |
23% |
133,164.8 |
147,862.1 |
-10% |
|
ETP Options ADV |
1,063.9 |
1,055.8 |
1% |
953.4 |
12% |
1,073.9 |
1,192.4 |
-10% |
CBOE Market Share: June
- CBOE's market share of total U.S. options industry volume was 26.2 percent in June, an increase of 1.4 percentage points from May 2015 and a decrease of 1.9 percentage points from June 2014.
|
CBOE Market Share Current Month |
Year-To-Date | |||||||
|
June |
June |
% Pt. |
May |
% Pt. |
June |
June |
% Pt. | |
|
Total Exchange |
26.2% |
28.1% |
-1.9% |
24.8% |
1.4% |
25.7% |
28.2% |
-2.5% |
|
Equity Options |
16.8% |
20.1% |
-3.3% |
16.4% |
0.4% |
18.0% |
20.8% |
-2.8% |
|
Index Options |
98.6% |
95.7% |
2.9% |
98.4% |
0.2% |
97.3% |
96.7% |
0.6% |
|
ETP Options |
18.3% |
20.8% |
-2.5% |
18.1% |
0.2% |
19.1% |
20.5% |
-1.4% |
C2 Trading Volume and Market Share
C2 Volume: June
- C2's June trading volume totaled 6.9 million contracts, an increase of 6 percent from May 2015 and an increase of 10 percent from June 2014. ADV was 312,858 contracts, a 3-percent decrease from May 2015 and a 5-percent increase from June 2014.
|
C2 Trading Volume Current Month |
Year-To-Date | |||||||
|
(contracts in thousands) |
June |
June |
% Chg |
May |
% Chg |
June |
June |
% Chg |
|
Trading Days |
22 |
21 |
20 |
124 |
124 |
|||
|
Total Exchange |
6,882.8 |
6,229.5 |
10% |
6,474.6 |
6% |
39,932.0 |
36,407.8 |
10% |
|
Total Exchange ADV |
312.9 |
296.6 |
5% |
323.7 |
-3% |
322.1 |
293.6 |
10% |
|
Equity Options |
1,891.3 |
816.0 |
132% |
1,939.6 |
-2% |
11,923.0 |
4,910.9 |
143% |
|
Equity Options ADV |
86.0 |
38.9 |
121% |
97.0 |
-11% |
96.2 |
39.6 |
143% |
|
Index Options |
168.3 |
25.0 |
573% |
137.8 |
22% |
618.7 |
208.7 |
196% |
|
Index Options ADV |
7.7 |
1.2 |
542% |
6.9 |
11% |
5.0 |
1.7 |
196% |
|
ETP Options |
4,823.2 |
5,388.4 |
-10% |
4,397.2 |
10% |
27,390.3 |
31,288.2 |
-12% |
|
ETP Options ADV |
219.2 |
256.6 |
-15% |
219.9 |
0% |
220.9 |
252.3 |
-12% |
C2 Market Share: June
- C2 market share of total industry volume in June was 2.1 percent, unchanged from May 2015 and up 0.2 of a percentage point from June 2014.
|
C2 Market Share Current Month |
Year-To-Date | |||||||
|
June 2015 |
June 2014 |
% Pt. Chg |
May 2015 |
% Pt. Chg |
June 2015 |
June 2014 |
% Pt. Chg | |
|
Total Exchange |
2.1% |
1.9% |
0.2% |
2.1% |
-- |
2.0% |
1.8% |
0.2% |
|
Equity Options |
1.1% |
0.5% |
0.6% |
1.1% |
-- |
1.1% |
0.4% |
0.7% |
|
Index Options |
0.5% |
0.1% |
0.4% |
0.5% |
-- |
0.3% |
0.1% |
0.2% |
|
ETP Options |
3.8% |
5.0% |
-1.2% |
4.2% |
-0.4% |
3.9% |
4.3% |
-0.4% |
CBOE Futures Exchange (CFE) Trading Volume
CFE Volume: June
- Total ADV at CFE was 210,989 contracts in June, a 21-percent increase from both May 2015 and June 2014. Total volume at CFE during the month was 4.6 million contracts, an increase of 33 percent from the previous month and 27 percent from the year-ago total.
- June average daily volume in CBOE Volatility Index® (VIX® Index) futures was 210,963 contracts, an increase of 21 percent from both May 2015 and June 2014. Total volume in VIX futures for June was 4.6 million contracts, an increase of 33 percent from the previous month and 27 percent from a year ago.
- June total volumes hit highs for 2015, surpassing previous monthly highs set in January 2015.
CBOE Holdings Average Revenue Per Contract
The following represents 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 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.
|
(In Dollars) |
Three-Month Period Ended | |||
|
Product: |
May-15 |
Apr-15 |
Mar-15 |
Feb-15 |
|
Equity Options |
$0.087 |
$0.077 |
$0.077 |
$0.070 |
|
Index Options |
$0.701 |
$0.707 |
$0.712 |
$0.704 |
|
ETP Options |
$0.114 |
$0.115 |
$0.118 |
$0.115 |
|
Total Options Average Revenue Per Contract |
$0.290 |
$0.280 |
$0.284 |
$0.283 |
|
Futures |
$1.775 |
$1.762 |
$1.705 |
$1.649 |
|
Total Average Revenue Per Contract |
$0.348 |
$0.336 |
$0.340 |
$0.340 |
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.
CBOE-V
CBOE-2
CBOE-EF
CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, The Options InstituteSM and WeeklysSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). C2SM and C2 Options ExchangeSM are service marks of C2 Options Exchange, Incorporated (C2). 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.
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