Archived CBOE, CBSX, & CFE Press Releases


FOR IMMEDIATE RELEASE


2004 TRADING VOLUME AT CBOE SOARS 27% TO 361 MILLION; CBOE Sets New Annual Volume Records In Total Exchange, Index Volumes

CHICAGO, January 3, 2005 - The Chicago Board Options Exchange (CBOE) announced today that volume at the Exchange in 2004 increased by 27% over 2003 to a total of 361,086,774 contracts traded. 2004's figure is the highest in CBOE's 31-year history and established a new all-time annual trading volume record at CBOE, surpassing the previous record of 326,359,531 contracts in 2000. Additionally, total volume in index options at CBOE set a new all-time record in 2004 as 136,679,303 contracts traded, besting the previous high of 114,834,854 contracts traded in 1986.

Exchange Volume, December 2004:
Total Volume
- 30,654,654 contracts
- +13% vs year-ago (Dec 03); -12% vs previous month (Nov 04)

Average Daily Volume
- 1,393,393 contracts
- +13% vs year-ago (Dec 03); -16% vs previous month (Nov 04)

Open Interest
- 154,632,839 contracts
- +22% vs year-ago (Dec 03); +1% vs previous month (Nov 04)

Exchange Volume, 2004:
- Total: 361,086,774 contracts, +27% vs 2003 (283,946,495 contracts)
- Average Daily Volume: 1,432,884 contracts, +27% vs 2003 (1,126,772 contracts)

December & Year-End 2004 volume highlights at CBOE included:

- December volume in index options rose 13% as nearly 12 million contracts traded. For the year, index option volume increased 23% over 2003 with over 136 million contracts traded, setting a new CBOE record. During 2004, the top five most-actively traded index options at CBOE were:S&P 500 Index (SPX), S&P 100 Index (OEX), Dow Jones Industrial Average (DJX), CBOE Mini-Nasdaq 100 Index (MNX), and Nasdaq-100 Index (NDX); while the three most-actively traded ETF index options at CBOE were: Nasdaq-100 Index Tracking Stock (QQQQ), DIAMONDS Trust, Series 1 (DIA), and iShares Russell 2000 Index Fund (IWM).

- December volume in stock option classes (equities) increased 12% as nearly 19 million contracts traded. For 2004, volume in stock option classes totaled over 224 million contracts, up 30% over the previous year. During 2004, the top five most-actively traded stock option classes at CBOE were: Microsoft Corp. (MSFT), Intel Corp. (INTC), Cisco Systems, Inc. (CSCO), General Electric Co. (GE), and Citigroup, Inc. (C).

- All-time records for yearly volume were set in: S&P 500 Index options (SPX), Nasdaq-100 Index options (NDX), Russell 2000 Index options (RUT), options on Nasdaq-100 Index Tracking Stock (QQQQ), and options on iShares Russell 2000 Index Fund (IWM).

- CBOE's monthly volume in 2004 posted gains over 2003 in each of the twelve months.

- Volume at the CBOE Futures Exchange (CFE) in December was 5,076 contracts traded, with open interest standing at 10,121 contracts at month's end. For the year, CFE traded a total of 88,194 contracts. CFE was launched on March 26, 2004.

Individual Index Volume Figures For December and Year-End 2004



Product
Dec 04
Volume
% vs Dec 03
2004
Total Vol
% vs
2003
Open Interest
% vs
2003
SPX
S&P 500 Index
4,805,137
+28%
49,472,117
+35%
4,965,807
+29%
OEX
S&P 100 Index
1,276,031
-4%
16,426,392
+15%
318,690
+25%
XEO
S&P 100 Index
(European Exercise)
145,701
-1%
1,800,574
-7%
80,488
+3%
DJX
Dow Jones Industrial Average
568,931
-12%
7,347,14
-28%
584,402
-3%
DIA
DIAMONDS Trust, Series 1
572,559
-45%
8,552,875
-9%
722,145
-1%
NDX
Nasdaq-100 Index
277,568
+26%
3,528,556
+117%
276,491
+53%
MNX
CBOE Mini-NDX Index
(based on Nasdaq-100)
600,021
+33%
5,503,345
+36%
1,528,121
+36%
QQQQ
Nasdaq-100 Index
Tracking Stock
2,267,485
+5%
32,628,165
+16%
11,464,244
+24%
RUT
Russell 2000 Index
84,536
-9%
889,448
+45%
94,214
-20%
IWM
iShares Russell 2000
Index Fund
551,108
+184%
4,938,465
+624%
705,572
+239%
SMH
Semiconductor HOLDRs Trust
136,175
+24%
1,819,380
+37%
727,916
+29%


CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: http://www.cboe.com/.
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