CBOE reports 2% decrease ADV MoM in July


The Chicago Board Options Exchange (CBOE) or CBOE Holdings, Inc. (NASDAQ: CBOE) has reported today that July 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 4.7 million contracts, a decrease of 2% from July 2015 and 9% from June 2016.

Trading Volume Highlights: July

  • Equity options traded at CBOE had an ADV of 1.4 million contracts in July, an increase of 13 percent from June 2016.
  • S&P 500® Index (SPX) options had an ADV of 1.1 million contracts in July, an increase of 7 percent from July 2015.
  • SPX options in extended trading hours at CBOE, had an ADV of 2,342 contracts in July, up from 1,781 in June 2016 and 592 in July 2015.
  • CBOE Volatility Index® (VIX® Index) futures open interest at CFE reached a new all-time high of 525,144 contracts on July 20, surpassing the previous record of 501,835 contracts on June 7.

Business Developments: July

  • On July 29, CBOE announced plans to broaden data distribution on the widely followed MSCI Emerging Markets (MXEF) and MSCI EAFE (MXEA) Indexes;
  • On July 11, CBOE announced plans to list SPX Monday-expiring Weeklys options, beginning August 15, pending regulatory approval. With the expected introduction of SPX “Monday Weeklys,” which will allow investors to hedge their over-the-weekend risks, CBOE will offer SPX options with Monday, Wednesday and Friday weekly expirations;
  • On July 6, CBOE announced that it has created a series of 13 “Enhanced Growth Indexes,” the second in a family of options-based strategy performance benchmarks designed to target the outcomes of specific investment strategies. The CBOE S&P 500® Enhanced Growth Indexes measure the performance of a hypothetical portfolio of SPX FLexible EXchange (FLEX®) options designed to provide targeted annual returns;
  • On July 1, CBOE Holdings opened its first international business development office in London.

CBOE Holdings Consolidated Trading Volume Current Month

Year-To-Date

(contracts in thousands)

July
2016

July
2015

%
Chg

June
2016

%
Chg

July
2016

July
2015

%
Chg

Trading Days

20

22

22

145

146

Total Contracts      (options & futures)

94,405.3

106,476.4

-11%

113,990.9

-17%

676,877.4

673,054.8

1%

Total Options Contracts
(CBOE & C2)

89,929.6

101,457.7

-11%

106,889.5

-16%

642,677.0

645,080.3

Total Futures Contracts (CFE)

4,475.7

5,018.7

-11%

7,101.4

-37%

34,200.4

27,974.5

22%

Total ADV                 (options & futures)

4,720.3

4,839.8

-2%

5,181.4

-9%

4,668.2

4,610.0

1%

Total Options ADV    (CBOE & C2)

4,496.5

4,611.7

-2%

4,858.6

-7%

4,432.3

4,418.4

Total Futures ADV      (CFE)

223.8

228.1

-2%

322.8

-31%

235.9

191.6

23%

 

 

CBOE Trading Volume Current Month*

Year-To-Date

(contracts in thousands)

July
2016

July
2015

%
Chg

June
2016

%
Chg

July
2016

July
2015

%
Chg

Trading Days

20

22

22

145

146

Total Exchange

83,332.4

93,889.8

-11%

99,969.3

-17%

597,407.6

597,580.4

Total Exchange ADV

4,166.6

4,267.7

-2%

4,544.1

-8%

4,120.1

4,093.0

1%

Equity Options

27,893.2

31,497.6

-11%

27,114.9

3%

193,524.8

226,249.5

-14%

Equity Options ADV

1,394.7

1,431.7

-3%

1,232.5

13%

1,334.7

1,549.7

-14%

Index Options

33,763.5

38,387.4

-12%

44,708.2

-24%

251,017.6

214,161.4

17%

Index Options ADV

1,688.2

1,744.9

-3%

2,032.2

-17%

1,731.2

1,466.9

18%

ETP Options

21,675.7

24,004.8

-10%

28,146.2

-23%

152,865.2

157,169.6

-3%

ETP Options ADV

1,083.8

1,091.1

-1%

1,279.4

-15%

1,054.2

1,076.5

-2%

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CBOE reports 2% decrease ADV MoM in July

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