CBOE GLOBAL MARKETS CHICAGO, Aug. 1, 2016 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) 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 percent from July 2015 and 9 percent from June 2016.
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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, press release.
-- 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, press
release.
-- 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,
press release.
-- On July 1, CBOE Holdings opened its first international business
development office in London, press release.
CBOE Holdings Trading Volume Tables: July
CBOE Holdings Consolidated Trading Volume Current Month Year-To-Date
======================================================= ============
(contracts in thousands) July July % June % July July %
2016 2015 Chg 2016 Chg 2016 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 89,929.6 101,457.7 -11% 106,889.5 -16% 642,677.0 645,080.3 ---
(CBOE & C2)
----------
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 July % June % July July %
2016 2015 Chg 2016 Chg 2016 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%
=============== ======= ======= === ======= === ======= ======= ===
*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) July July % June % July July %
2016 2015 Chg 2016 Chg 2016 2015 Chg
=== ==== ==== === ==== === ==== ==== ===
Trading Days 20 22 22 145 146
------------ --- --- --- --- ---
Total Exchange 6,597.2 7,567.9 -13% 6,920.1 -5% 45,269.3 47,499.9 -5%
-------------- ---
Total Exchange ADV 329.9 344.0 -4% 314.6 5% 312.2 325.3 -4%
------------------
Equity Options 1,865.3 2,210.5 -16% 1,532.7 22% 11,852.7 14,133.5 -16%
-------------- ------- ------- --- ------- --- -------- -------- ---
Equity Options ADV 93.3 100.5 -7% 69.7 34% 81.7 96.8 -16%
------------------ ---- ----- --- ---- --- ---- ---- ---
Index Options 157.5 180.1 -13% 260.7 -40% 1,619.9 798.8 103%
------------- ----- ----- --- ----- --- ------- ----- ---
Index Options ADV 7.9 8.2 -4% 11.8 -34% 11.2 5.5 104%
----------------- --- --- --- ---- --- ---- --- ---
ETP Options 4,574.4 5,177.3 -12% 5,126.8 -11% 31,796.8 32,567.6 -2%
----------- ------- ------- --- ------- --- -------- -------- ---
ETP Options ADV 228.7 235.3 -3% 233.0 -2% 219.3 223.1 -2%
=============== ===== ===== === ===== === ===== ===== ===
CFE Trading Volume Current Month* Year-To-Date
================================ ============
July July % June % July July %
2016 2015 Chg 2016 Chg 2016 2015 Chg
==== ==== === ==== === ==== ==== ===
Trading
Days 20 22 22 145 146
======= --- --- --- --- ---
VIX Index Futures
-----------------
Total 4,475,340 5,017,708 -11% 7,100,566 -37% 34,196,042 27,961,761 22%
----- --------- --------- --- --------- --- ---------- ---------- ---
ADV 223,767 228,078 -2% 322,753 -31% 235,835 191,519 23%
=== ======= ======= === ======= === ======= ======= ===
CFE Total Exchange
------------------
Total 4,475,738 5,018,696 -11% 7,101,395 -37% 34,200,436 27,974,455 22%
----- --------- --------- --- --------- --- ---------- ---------- ---
ADV 223,787 228,123 -2% 322,791 -31% 235,865 191,606 23%
=== ======= ======= === ======= === ======= ======= ===
*Volume numbers for 2016 now include VIX Weeklys futures totals.
CBOE Holdings Market Share Current Month Year-To-Date
(% of total U.S. options industry volume)
========================================
July July % Pt. June % Pt. July July % Pt.
2016 2015 Chg 2016 Chg 2016 2015 Chg
==== ==== === ==== === ==== ==== ===
Total Exchange
(CBOE & C2) 29.1% 26.8% 2.3% 29.1% --- 27.2% 27.6% -0.4%
-------------- ---- ---- --- ---- --- ---- ---- ----
CBOE 27.0% 24.8% 2.2% 27.2% -0.2% 25.3% 25.6% -0.3%
---- ---- ---- --- ---- ---- ---- ---- ----
C2 2.1% 2.0% 0.1% 1.9% 0.2% 1.9% 2.0% -0.1%
-- --- --- --- --- --- --- --- ----
Total Equity
Options (CBOE
& C2) 19.5% 16.7% 2.8% 18.3% 1.2% 18.0% 18.8% -0.8%
-------------- ---- ---- --- ---- --- ---- ---- ----
Total Index
Options (CBOE
& C2) 99.4% 98.8% 0.6% 99.3% 0.1% 99.2% 97.8% 1.4%
-------------- ---- ---- --- ---- --- ---- ---- ---
Total ETF
Options (CBOE
& C2) 21.5% 21.2% 0.3% 20.1% 1.4% 19.1% 22.7% -3.6%
============== ==== ==== === ==== === ==== ==== ====
CBOE Holdings Average Revenue Per Contract
The following represents average revenue per contract (RPC) 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: June May April March
2016 2016 2016 2016
---
Equity
Options $0.700 $0.075 $0.081 $0.085
------- ------ ------ ------ ------
Index
Options $0.701 $0.698 $0.706 $0.720
------- ------ ------ ------
ETP
Options $0.103 $0.104 $0.111 $0.117
------- ------ ------ ------ ------
Total
Options
Average
Revenue
Per
Contract $0.328 $0.326 $0.335 $0.346
-------- ------ ------ ------ ------
Futures $1.682 $1.721 $1.697 $1.643
------- ------ ------ ------ ------
Total
Average
Revenue
Per
Contract $0.405 $0.394 $0.397 $0.405
======== ====== ====== ====== ======
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 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 500 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
cosgrove@cboe.com comptong@cboe.com koopman@cboe.com
CBOE-V
CBOE-2
CBOE-OE
CBOE-EF
CBOE(®), Chicago Board Options Exchange(®), CFE(®), FLEX(®), FLexible EXchange(®), Livevol(®), CBOE Volatility Index(®) and VIX(®) are registered trademarks, and BuyWrite(SM), BXM(SM), CBOE Futures Exchange(SM), The Options Institute(SM) and Weeklys(SM) 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, CFE and C2. MSCI(®) and the MSCI index names are service marks of MSCI Inc. or its affiliates and have been licensed for use by the CBOE and CFE. Options contracts on any MSCI index are not sponsored, guaranteed or endorsed by MSCI, its affiliates or any other party involved in, or related to, making or compiling such MSCI index. All other trademarks and service marks are the property of their respective owners.
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SOURCE CBOE Holdings, Inc.
