CHICAGO, Dec. 3, 2012 /PRNewswire/ -- CBOE Holdings, Inc.
(NASDAQ: CBOE) reported today that November
2012 consolidated trading volume for options contracts on
Chicago Board Options Exchange®
(CBOE®) and C2 Options ExchangeSM (C2SM) and
futures contracts on CBOE Futures Exchange SM (CFE®)
totaled 91.31 million contracts.
(Logo:
http://photos.prnewswire.com/prnh/20100614/CG20953LOGO)
- November 2012 average daily
volume (ADV) for the three exchanges, combined, was 4.35 million
contracts, a two-percent increase from 4.27 million contracts ADV
in November 2011, and a six-percent
increase from nearly 4.09 million contracts ADV in October 2012.
- Year to date through November, consolidated ADV for the three
exchanges was 4.59 million contracts, down seven percent from 4.96
million contracts ADV for the same period a year ago.
|
CBOE
Holdings Consolidated Trading Volume
|
Year-To-Date
|
|
(trades
in thousands)
|
Nov-12
|
Nov-11
|
%
Chg
|
Oct-12
|
%
Chg
|
Nov-12
|
Nov-11
|
%
Chg
|
|
Trading
Days
|
21
|
21
|
|
21
|
|
230
|
231
|
|
|
Total
Contracts
(options & futures)
|
91,314.9
|
89,733.9
|
2%
|
85,838.9
|
6%
|
1,055,716.5
|
1,145,933.3
|
-8%
|
|
Total
Options Contracts
(CBOE & C2)
|
88,570.7
|
88,911.2
|
--
|
83,389.5
|
6%
|
1,034,276.9
|
1,134,290.9
|
-9%
|
|
Total
Futures Contracts
(CFE)
|
2,744.2
|
822.8
|
234%
|
2,449.4
|
12%
|
21,446.4
|
11,392.4
|
88%
|
|
|
|
|
|
|
|
|
|
|
Total
ADV
(options & futures)
|
4,348.3
|
4,273.0
|
2%
|
4,087.6
|
6%
|
4,590.1
|
4,960.8
|
-7%
|
|
Total
Options ADV
(CBOE & C2)
|
4,217.7
|
4,233.9
|
0%
|
3,970.9
|
6%
|
4,496.9
|
4,910.4
|
-8%
|
|
Total
Futures ADV
(CFE)
|
130.7
|
39.2
|
234%
|
116.6
|
12%
|
93.2
|
49.3
|
89%
|
CBOE Trading Volume and Market Share
CBOE Trading Volume:
- November ADV at CBOE was nearly 4.0 million contracts, about
even with November 2011 and up six
percent from October 2012 ADV of 3.8
million contracts. Year to date through November, ADV was 4.3
million contracts, down eight percent from the same period in 2011.
Of particular note, in November, index options ADV rose 15 percent
and 18 percent against November 2011
and October 2012, respectively.
- The five most actively traded index and ETF options at CBOE
during November were S&P 500® Index (SPXSM)
options, Standard & Poor's Depositary Receipt (SPY)
options, CBOE Volatility Index® (VIX® Index) options,
PowerShares QQQ Trust (QQQ) options and iShares Trust
Russell 2000 Index Fund (IWM) options.
|
CBOE
Trading Volume Current Month
|
Year-To-Date
|
|
(trades
in thousands)
|
Nov-12
|
Nov-11
|
%
Chg
|
Oct-12
|
%
Chg
|
Nov-12
|
Nov-11
|
%
Chg
|
|
Trading
Days
|
21
|
21
|
|
21
|
|
230
|
231
|
|
|
Total
Exchange
|
83,704.1
|
84,075.1
|
--
|
79,104.3
|
6%
|
987,466.4
|
1,081,460.6
|
-9%
|
|
Total
Exchange ADV
|
3,985.9
|
4,003.6
|
--
|
3,766.9
|
6%
|
4,293.3
|
4,681.6
|
-8%
|
|
Equity
Options
|
31,760.3
|
33,482.8
|
-5%
|
35,050.9
|
-9%
|
445,777.5
|
467,700.8
|
-5%
|
|
Equity
Options ADV
|
1,512.4
|
1,594.4
|
-5%
|
1,669.1
|
-9%
|
1,938.2
|
2,024.7
|
-4%
|
|
Index
Options
|
29,360.8
|
25,639.3
|
15%
|
24,872.9
|
18%
|
277,249.8
|
299,602.7
|
-7%
|
|
Index
Options ADV
|
1,398.1
|
1,220.9
|
15%
|
1,184.4
|
18%
|
1,205.4
|
1,297.0
|
-7%
|
|
ETF
Options
|
22,583.1
|
24,953.1
|
-9%
|
19,180.4
|
18%
|
264,439.1
|
314,157.0
|
-16%
|
|
ETF
Options ADV
|
1,075.4
|
1,188.2
|
-9%
|
913.4
|
18%
|
1,149.7
|
1,360.0
|
-15%
|
Expanded November 2012 volume
information for CBOE index and ETF options is available at:
www.cboe.com/data/monthlyvolume.aspx.
CBOE Market Share:
CBOE November market share was
25.0 percent, up 0.6 of a percentage point when compared against
both November 2011 and October
2012. If the volume from dividend trades was excluded from
industry data for November 2012,
CBOE's total market share would be 25.8 percent.
Exclusion of dividend trades from total industry volume data
presents a more relevant measure of the relative trends in the
options business.
C2 Options Exchange Trading Volume and Market Share
|
CBOE
Market Share Current Month
|
Year-To-Date
|
|
Nov-12
|
Nov-11
|
%
Pt.
Chg
|
Oct-12
|
%
Pt.
Chg
|
Nov-12
|
Nov-11
|
%
Pt.
Chg
|
|
Total
Exchange
|
25.0%
|
24.4%
|
0.6%
|
24.4%
|
0.6%
|
26.8%
|
25.5%
|
1.3%
|
|
Total
Exchange
(excl. dividend trades)
|
25.8%
|
25.3%
|
0.5%
|
25.4%
|
0.4%
|
27.9%
|
26.3%
|
1.6%
|
|
Equity
Options
|
17.4%
|
18.7%
|
-1.3%
|
17.9%
|
-0.5%
|
21.2%
|
20.5%
|
0.7%
|
|
Equity
Options
(excl. dividend trades)
|
20.1%
|
20.6%
|
-0.5%
|
20.4%
|
-0.3%
|
23.6%
|
22.0%
|
1.6%
|
|
Index
Options
|
93.9%
|
95.5%
|
-1.6%
|
94.5%
|
-0.6%
|
94.1%
|
94.8%
|
-0.7%
|
|
Index
Options
(excl. dividend trades)
|
93.3%
|
95.5%
|
-2.2%
|
93.9%
|
-0.6%
|
93.7%
|
94.8%
|
-1.1%
|
|
ETF
Options
|
18.6%
|
18.1%
|
0.5%
|
18.8%
|
-0.2%
|
20.4%
|
19.1%
|
1.3%
|
|
ETF
Options
(excl. dividend trades)
|
18.6%
|
18.1%
|
0.5%
|
18.8%
|
-0.2%
|
20.6%
|
19.3%
|
1.3%
|
C2 Trading Volume:
In November
2012, ADV on C2 Options Exchange was 231,700 contracts, up
14 percent from October 2012 ADV of
204,100 contracts and up one percent from 230,300 contracts ADV in
November 2011.
|
C2
Trading Volume Current Month
|
Year-To-Date
|
|
(trades
in thousands)
|
Nov-12
|
Nov-11
|
%
Chg
|
Oct-12
|
%
Chg
|
Nov-12
|
Nov-11
|
%
Chg
|
|
Trading
Days
|
21
|
21
|
|
21
|
|
230
|
231
|
|
|
Total
Exchange
|
4,866.7
|
4,836.0
|
1%
|
4,285.2
|
14%
|
46,810.4
|
48,936.0
|
-4%
|
|
Total
Exchange ADV
|
231.7
|
230.3
|
1%
|
204.1
|
14%
|
203.5
|
211.8
|
-4%
|
|
Equity
Options
|
1,946.7
|
1,604.6
|
21%
|
1,731.9
|
12%
|
18,779.5
|
17,525.8
|
7%
|
|
Equity
Options ADV
|
92.7
|
76.4
|
21%
|
82.5
|
12%
|
81.6
|
75.9
|
8%
|
|
Index
Options
|
106.0
|
110.5
|
-4%
|
142.5
|
-26%
|
1,353.3
|
210.8
|
NA
|
|
Index
Options ADV
|
5.0
|
5.3
|
-4%
|
6.8
|
-26%
|
5.9
|
5.1
|
14%
|
|
ETF
Options
|
2,814.0
|
3,120.9
|
-10%
|
2,410.9
|
17%
|
26,677.7
|
31,199.4
|
-14%
|
|
ETF
Options ADV
|
134.0
|
148.6
|
-10%
|
114.8
|
17%
|
116.0
|
135.1
|
-14%
|
C2 Market Share:
In November 2012, C2's market share was 1.5 percent,
up 0.1 of a percentage point from November
2011 and up 0.2 of a percentage point from October 2012.
|
C2 Market Share Current Month
|
Year-To-Date
|
|
Nov-12
|
Nov-11
|
%
Pt.
Chg
|
Oct-12
|
%
Pt.
Chg
|
Nov-12
|
Nov-11
|
%
Pt.
Chg
|
|
Total
Exchange
|
1.5%
|
1.4%
|
0.1%
|
1.3%
|
0.2%
|
1.3%
|
1.2%
|
0.1%
|
|
Total
Exchange
(excl. dividend trades)
|
1.5%
|
0.9%
|
0.6%
|
1.4%
|
0.1%
|
1.3%
|
1.2%
|
0.1%
|
|
Equity
Options
|
1.1%
|
0.9%
|
0.2%
|
0.9%
|
0.2%
|
0.9%
|
0.8%
|
0.1%
|
|
Equity
Options
(excl. dividend trades)
|
1.1%
|
1.0%
|
0.1%
|
0.9%
|
0.2%
|
0.9%
|
0.8%
|
0.1%
|
|
Index
Options
|
0.3%
|
0.4%
|
-0.1%
|
0.5%
|
-0.2%
|
0.5%
|
0.7%
|
-0.2%
|
|
Index
Options
(excl. dividend trades)
|
0.4%
|
0.4%
|
--
|
0.6%
|
-0.2%
|
0.5%
|
0.1%
|
0.4%
|
|
ETF
Options
|
2.3%
|
2.3%
|
--
|
2.4%
|
0.1%
|
2.1%
|
1.9%
|
0.2%
|
|
ETF
Options
(excl. dividend trades)
|
2.3%
|
2.3%
|
--
|
2.4%
|
-0.1%
|
2.1%
|
1.9%
|
0.2%
|
CBOE Futures Exchange Trading
- In November, total trading volume and average daily volume for
CBOE Volatility Index® (VIX®) futures reached new all-time highs
for any month in CFE's history.
- A record 2,734,248 VIX futures contracts changed hands in
November, beating the October 2012
record of 2,443,878 contracts by 12 percent.
- In year-over-year comparisons, total VIX futures volume in
November rose by 233 percent from November
2011 volume of 822,017 contracts.
- VIX futures average daily volume in November also marked an
all-time record for any month as an average of 130,202 VIX futures
contracts changed hands daily. This figure was 233 percent higher
than 39,144 contracts ADV in November
2011.
- Year to date through November, total VIX futures volume of 21.3
million contracts is up 86 percent versus the same period a year
ago.
CBOE Holdings Average Transaction Fee Per Contract
The following represents the 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 on all three exchanges
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:
|
Oct-12
|
Sep-12
|
Aug-12
|
Jul-12
|
|
Equities
|
$0.121
|
$0.118
|
$0.122
|
$0.124
|
|
Indexes
|
$0.675
|
$0.682
|
$0.684
|
$0.680
|
|
Exchange Traded Funds
|
$0.180
|
$0.177
|
$0.177
|
$0.177
|
|
Total Options Average
Transaction Fee Per Contract
|
$0.294
|
$0.287
|
$0.286
|
$0.289
|
|
Futures
|
$1.573
|
$1.606
|
$1.626
|
$1.598
|
|
Total Average Transaction
Fee Per Contract
|
$0.326
|
$0.317
|
$0.315
|
$0.316
|
About CBOE Holdings:
CBOE Holdings, Inc. (NASDAQ:
CBOE) is the holding company for Chicago Board Options Exchange (CBOE), 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 ETF 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, 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 is regulated by the Securities
and Exchange Commission (SEC), with all trades cleared by the
OCC.
CBOE®, Chicago Board
Options Exchange®, CFE®, FLEX®,
LEAPS®, CBOE Volatility Index® and
VIX® are registered trademarks, and
BuyWriteSM, BXMSM, CBOE Futures
ExchangeSM, SPXSM and The Options Institute
are service marks of Chicago Board
Options Exchange, Incorporated (CBOE). C2SM, C2 Options
ExchangeSM and SPXpmSM 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.
CBOE-V
CBOE-2
CBOE-EF
SOURCE CBOE Holdings, Inc.