Welcome!

Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

CBOE Holdings Reports November 2012 Consolidated Trading Volume

-- More All-Time Records for VIX Index Futures: Monthly and Average Daily Volume

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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.