- Total ADV of 4.3 Million Contracts, Unchanged from March 2015
- Index Options ADV of 1.7 Million Contracts, Up 35% from Year Ago
- VIX Futures ADV Up 7% from March 2015
CHICAGO, April 1, 2016 /PRNewswire/ -- CBOE Holdings, Inc. CBOE reported today that March average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2), and futures contracts traded on CBOE Futures Exchange (CFE®) was 4.3 million contracts, relatively unchanged from March 2015 and a decrease of 7 percent from February 2016.
Trading Volume Highlights: March*
- Index options traded on CBOE had an ADV of 1.7 million contracts in March, an increase of 35 percent from March 2015.
- SPX Wednesday Weeklys reached an all-time daily volume high of 97,204 contracts on Wednesday, March 16. SPX Wednesday Weeklys were launched on February 23, and had an ADV of 63,064 contracts in March.
- CBOE Volatility Index® (VIX® Index) futures traded on CFE had a March ADV of 179,116 contracts, up 7 percent from a year ago.
- March VIX futures ADV in extended trading hours (from 2:00 a.m. to 8:15 a.m. CT) was 18,518 contracts, representing 10 percent of all CFE ADV for the month, compared to 8 percent in March 2015.
Business Developments: March
- CBOE began listing options on the FTSE 100 and FTSE China 50 Mini-Indexes on March 29, 2016, press release.
- Since March 21, CBOE has offered FLEX index options with Asian and Cliquet style settlement, press release.
- CBOE received two honors at the EQDerivatives Global Equity & Volatility Derivatives Awards on March 14 in New York City: "U.S. Exchange of the Year" and "Listed Product Launch of the Year" for VIX Weeklys futures and options, press release.
*Editor's note: Beginning this month, March 2016, CBOE Holdings, Inc., will not publish a separate monthly volume release for the CBOE Futures Exchange (CFE). Complete volume data from all CBOE Holdings exchanges – Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2) and CFE -- are included in this release.
CBOE Holdings Trading Volume Tables: March
|
CBOE Holdings Consolidated Trading Volume Current Month |
Year-To-Date | |||||||
|
(contracts in thousands) |
Mar |
Mar |
% Chg |
Feb |
% |
Mar |
Mar |
% Chg |
|
Trading Days |
22 |
22 |
20 |
61 |
61 |
|||
|
Total Contracts |
95,332.4 |
94,937.1 |
--- |
92,922.1 |
3% |
291,24.0 |
290,684.3 |
--- |
|
Total Options Contracts |
91,391.6 |
91,248.7 |
--- |
88,829.6 |
3% |
278,047.3 |
279,255.7 |
--- |
|
Total Futures Contracts |
3,940.8 |
3,688.4 |
7% |
4,092.5 |
-4% |
13,201.7 |
11,428.6 |
16% |
|
Total ADV |
4,333.3 |
4,315.4 |
--- |
4,646.1 |
-7% |
4,774.6 |
4,765.4 |
--- |
|
Total Options ADV |
4,154.2 |
4,147.7 |
--- |
4,441.5 |
-6% |
4,558.2 |
4,578.0 |
--- |
|
Total Futures ADV |
179.1 |
167.7 |
7% |
204.6 |
-12% |
216.4 |
187.4 |
16% |
|
CBOE Trading Volume Current Month* |
Year-To-Date | |||||||
|
(contracts in thousands) |
Mar |
Mar |
% Chg |
Feb |
% Chg |
Mar |
Mar |
% Chg |
|
Trading Days |
22 |
22 |
20 |
61 |
61 |
|||
|
Total Exchange |
85,398.0 |
84,445.3 |
1% |
82,336.5 |
4% |
258,571.9 |
259,654.0 |
--- |
|
Total Exchange ADV |
3,881.8 |
3,838.4 |
1% |
4,116.8 |
-6% |
4,238.9 |
4,256.6 |
--- |
|
Equity Options |
26,928.0 |
33,439.1 |
-19% |
27,002.0 |
--- |
83,345.5 |
104,671.8 |
-20% |
|
Equity Options ADV |
1,224.0 |
1,520.0 |
-19% |
1,350.1 |
-9% |
1,366.3 |
1,715.9 |
-20% |
|
Index Options |
37,502.9 |
27,682.4 |
35% |
34,599.2 |
8% |
109,728.5 |
85,159.8 |
29% |
|
Index Options ADV |
1,704.7 |
1,258.3 |
35% |
1,730.0 |
-1% |
1,798.8 |
1,396.1 |
29% |
|
ETP Options |
20,967.1 |
23,323.8 |
-10% |
20,735.3 |
1% |
65,497.8 |
69,822.3 |
-6% |
|
ETP Options ADV |
953.1 |
1,060.2 |
-10% |
1,036.8 |
-8% |
1,073.7 |
1,144.6 |
-6% |
*Expanded volume information for CBOE index and ETP options is available at: www.cboe.com/data/monthlyvolume.aspx.
|
C2 Trading Volume Current Month |
Year-To-Date | |||||||
|
(contracts in thousands) |
Mar |
Mar |
% Chg |
Feb |
% Chg |
Mar |
Mar |
% Chg |
|
Trading Days |
22 |
22 |
20 |
61 |
61 |
|||
|
Total Exchange |
5,993.5 |
6,803.4 |
-12% |
6,493.1 |
-8% |
19,475.4 |
19,601.7 |
-1% |
|
Total Exchange ADV |
272.4 |
309.2 |
-12% |
324.7 |
-16% |
319.3 |
321.3 |
-1% |
|
Equity Options |
1,704.0 |
1,923.0 |
-11% |
1,750.7 |
-3% |
5,060.6 |
5,618.5 |
-10% |
|
Equity Options ADV |
77.5 |
87.4 |
-11% |
87.5 |
-12% |
83.0 |
92.1 |
-10% |
|
Index Options |
235.1 |
72.5 |
224% |
247.4 |
-5% |
774.2 |
182.7 |
324% |
|
Index Options ADV |
10.7 |
3.3 |
224% |
12.4 |
-14% |
12.7 |
3.0 |
324% |
|
ETP Options |
4,054.4 |
4,807.8 |
-16% |
4,495.0 |
-10% |
13,640.6 |
13,800.5 |
-1% |
|
ETP Options ADV |
184.3 |
218.5 |
-16% |
224.7 |
-18% |
223.6 |
226.2 |
-1% |
|
CFE Monthly Volume Summary* |
Year-To-Date | |||||||
|
Mar |
Mar |
% Chg |
Feb |
% Chg |
Mar |
Mar |
% | |
|
Trading Days |
22 |
22 |
20 |
61 |
61 |
|||
|
VIX Index Futures | ||||||||
|
Total |
3,940,544 |
3,686,993 |
7% |
4,092,187 |
-4% |
13,200,620 |
11,420,107 |
16% |
|
ADV |
179,116 |
167,591 |
7% |
204,609 |
-12% |
216,404 |
187,215 |
16% |
|
CFE Total Exchange | ||||||||
|
Total |
3,940,812 |
3,688,432 |
7% |
4,092,473 |
-4% |
13,201,688 |
11,428,620 |
16% |
|
ADV |
179,128 |
167,656 |
7% |
204,624 |
-12% |
216,421 |
187,354 |
16% |
*Volume numbers for 2016 now include VIX Weeklys futures totals.
|
CBOE Holdings Market Share Current Month
(of total U.S. options industry volume) |
Year-To-Date | |||||||
|
Mar 2016 |
Mar 2015 |
% Pt. |
Feb 2016 |
% Pt. |
Mar 2016 |
Mar 2015 |
% Pt. | |
|
Total Exchange |
26.3% |
27.1% |
-0.8% |
26.8% |
-0.5% |
26.6% |
28.1% |
-1.5% |
|
CBOE |
24.6% |
25.1% |
-0.5% |
24.8% |
-0.2% |
24.8% |
26.2% |
-1.4% |
|
C2 |
1.7% |
2.0% |
-0.3% |
2.0% |
-0.3% |
1.9% |
2.0% |
-0.1% |
|
Total Equity Options |
17.2% |
19.7% |
-2.5% |
17.8% |
-0.6% |
17.7% |
20.1% |
-2.4% |
|
Total Index Options |
99.1% |
96.3% |
2.8% |
98.9% |
0.2% |
99.0% |
96.3% |
2.7% |
|
Total ETF Options |
17.6% |
21.9% |
-4.3% |
18.7% |
-1.1% |
18.3% |
23.5% |
-5.2% |
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: |
Feb |
Jan |
Dec |
Nov |
|
Equity Options |
$0.092 |
$0.095 |
$0.097 |
$0.098 |
|
Index Options |
$0.733 |
$0.738 |
$0.726 |
$0.718 |
|
ETP Options |
$0.131 |
$0.138 |
$0.143 |
$0.144 |
|
Total Options Average Revenue Per Contract |
$0.351 |
$0.351 |
$0.349 |
$0.357 |
|
Futures |
$1.623 |
$1.636 |
$1.686 |
$1.686 |
|
Total Average Revenue Per Contract |
$0.413 |
$0.412 |
$0.408 |
$0.417 |
About CBOE Holdings:
CBOE Holdings, Inc. CBOE is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (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 options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute, Livevol options analytics and data tools, and www.cboe.com, the go-to place for options and volatility trading resources.
|
Media Contacts: |
Analyst Contact: | |
|
Suzanne Cosgrove |
Gary Compton |
Debbie Koopman |
|
(312) 786-7123 |
(312) 786-7612 |
(312) 786-7136 |
CBOE-V
CBOE-2
CBOE-OE
CBOE-EF
CBOE®, Chicago Board Options Exchange®, CFE®, Execute Success®, FLEX®, Livevol®, 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). 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 and CFE. Russell®, Russell 1000® and Russell 2000® are registered trademarks of Frank Russell Company, used under license. FTSE® and the FTSE indexes are trademarks and service marks of FTSE International Limited, used under license. 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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