CBOE Holdings Reports April 2014 Trading Volume

- Total Consolidated Volume: 107.17 Million Contracts
- Average Daily Volume Up 9% From Year Ago
- Year-To-Date ADV 23% Ahead Of 2013

PR Newswire

CHICAGO, May 1, 2014 /PRNewswire/ -- CBOE Holdings, Inc. (CBOE) reported today that April 2014 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 107.17 million contracts. Average daily volume (ADV) was 5.10 million contracts, a nine-percent increase from April 2013 and a one-percent decrease from March 2014.

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CBOE Holdings Consolidated Trading Volume

Year-To-Date

(trades in thousands)

Apr

2014

Apr

2013

% Chg

Mar

2014

% Chg

Apr

2014

Apr

2013

% Chg

Trading Days

21

22


21


82

82


Total Contracts (options & futures)

107,172.2

102,701.1

4%

107,862.8

-1%

449,989.4

364,673.1

23%

Total Options Contracts (CBOE & C2)

103,425.0

98,631.5

5%

104,001.7

-1%

433,850.5

351,359.2

23%

Total Futures Contracts (CFE)

3,747.2

4,069.6

-8%

3,861.1

-3%

16,138.9

13,313.9

21%










Total ADV (options & futures)

5,103.4

4,668.3

9%

5,136.4

-1%

5,487.7

4,447.3

23%

Total Options ADV (CBOE & C2)

4,925.0

4,483.3

10%

4,952.5

-1%

5,290.9

4,284.9

23%

Total Futures ADV (CFE)

178.4

185.0

-4%

183.9

-3%

196.8

162.4

21%

CBOE Trading Volume and Market Share

CBOE Trading Volume:

  • CBOE's April ADV was 4.61 million contracts, a 13-percent increase from April 2013 and a two-percent decrease from March 2014.
  • Equity options ADV was 1.88 million contracts, a 29-percent increase from April 2013 and a four-percent decrease from March 2014.
  • Index options ADV was 1.45 million contracts, a one-percent increase from April 2013 and a seven-percent decrease from March 2014.
  • Exchange traded product (ETP) options ADV was 1.29 million contracts, a seven-percent increase from April 2013 and a seven-percent increase from March 2014.
  • The five most actively traded index and ETP options at CBOE in April were S&P 500® Index (SPX), CBOE Volatility Index® (VIX Index®), Standard & Poor's Depositary Receipt (SPY), iShares Trust - Russell 2000® Index Fund (IWM) and PowerShares QQQ Trust (QQQ).

CBOE Trading Volume Current Month

Year-To-Date

(trades in thousands)

Apr 2014

Apr 2013

% Chg

Mar

2014

% Chg

Apr

2014

Apr

2013

% Chg

Trading Days

21

22


21


82

82


Total Exchange

96,866.6

89,844.1

8%

98,820.4

-2%

409,291.1

326,539.8

25%

Total Exchange ADV

4,612.7

4,083.8

13%

4,705.7

-2%

4,991.4

3,982.2

25%

Equity Options

39,379.1

31,982.9

23%

40,864.1

-4%

169,212.4

123,348.1

37%

Equity Options ADV

1,875.2

1,453.8

29%

1,945.9

-4%

2,063.6

1,504.2

37%

Index Options

30,477.4

31,476.7

-3%

32,773.9

-7%

137,061.0

121,386.6

13%

Index Options ADV

1,451.3

1,430.8

1%

1,560.7

-7%

1,671.5

1,480.3

13%

ETP Options

27,010.0

26,384.6

2%

25,182.5

7%

103,017.8

81,805.2

26%

ETP Options ADV

1,286.2

1,199.3

7%

1,199.2

7%

1,256.3

997.6

26%

Expanded April 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 27.2 percent in April 2014, an increase of 3.0 percentage points from April 2013 and a decrease of 0.6 percentage points from March 2014.

CBOE Market Share Current Month

Year-To-Date


Apr 2014

Apr 2013

% Pt. Chg

Mar 2014

% Pt. Chg

Apr 2014

Apr 2013

% Pt. Chg

Total Exchange

27.2%

24.2%

3.0%

27.8%

-0.6%

28.3%

23.9%

4.4%

Equity Options

20.1%

16.5%

3.6%

21.1%

-1.0%

21.1%

16.1%

5.0%

Index Options

96.0%

94.3%

1.7%

96.6%

-0.6%

96.8%

94.8%

2.0%

ETP Options

21.0%

18.4%

2.6%

19.7%

1.3%

20.5%

17.4%

3.1%

C2 Trading Volume and Market Share

C2 Trading Volume:
C2's April trading volume totaled 6.56 million contracts. ADV was 312,307 contracts, a 22-percent decrease from April 2013 and a 27-percent increase from March 2014.

C2 Trading Volume Current Month

Year-To-Date

(trades in thousands)

Apr

 2014

Apr

 2013

% Chg

Mar 2014

% Chg

Apr

2014

Apr 2013

% Chg

Trading Days

21

22


21


82

82


Total Exchange

6,558.4

8,787.4

-25%

5,181.2

27%

24,559.4

24,819.4

-1%

Total Exchange ADV

312.3

399.4

-22%

246.7

27%

299.5

302.7

-1%

Equity Options

1,039.8

1,232.0

-16%

739.0

41%

3,277.4

6,151.9

-47%

Equity Options ADV

49.5

56.0

-12%

35.2

41%

40.0

75.0

-47%

Index Options*

38.7

--

nm

36.5

6%

144.7

136.3

6%

Index Options ADV*

1.8

--

nm

1.7

6%

1.8

1.7

6%

ETP Options

5,480.0

7,555.3

-27%

4,405.7

24%

21,137.3

18,531.2

14%

ETP Options ADV

261.0

343.4

-24%

209.8

24%

257.8

226.0

14%

*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 April 2014 was 1.8 percent, a 0.6-percentage-point decrease from April 2013 and a 0.3-percentage-point increase from March 2014.

C2  Market Share Current Month

Year-To-Date


Apr 2014

Apr 2013

% Pt. Chg

Mar 2014

% Pt. Chg

Apr 2014

Apr 2013

% Pt. Chg

Total Exchange

1.8%

2.4%

-0.6%

1.5%

0.3%

1.7%

1.8%

-0.1%

Equity Options

0.5%

0.6%

-0.1%

0.4%

0.1%

0.4%

0.8%

-0.4%

Index Options*

0.1%

0.0%

0.1%

0.1%

0.0%

0.1%

0.1%

0.0%

ETP Options

4.3%

5.3%

-1.0%

3.4%

0.9%

4.2%

3.9%

0.3%

*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.

CFE Trading Volume and Highlights

  • VIX futures ADV in April was 178,167 contracts, a decrease of four percent from April 2013 and a decrease of three percent from March 2014.  Total volume in VIX futures during April was 3.74 million contracts. 
  • Year-to-date, VIX futures total volume of 16.12 million contracts and ADV of 196,565 contracts per day are both ahead of YTD 2013 by 22 percent.      
  • Exchange-wide ADV during April was 178,438 contracts, a four-percent decrease from a year ago and a three-percent decrease from March.  Exchange-wide total volume during the month was 3.75 million contracts.       

CBOE Holdings Average Revenue Per Contract 
The company will report its average transaction fee per contract for the three months ended March 31, 2014, in conjunction with its quarterly earnings news release, which will be issued on Tuesday, May 6, 2014. This information also will be posted to the Investor Relations section of CBOE's web site under Financial Information, Supplemental Information (http://ir.cboe.com/supplementals.cfm).

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®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, CBOE Futures ExchangeSM, Execute SuccessSM, SPXSM, SPXpmSM, and The Options Institute and Weeklys 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.

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