Cboe, CBSX, & CFE Press Releases



Single-Day Volume Reaches Consecutive Highs on Thursday and Friday,

VIX Futures Sets Back-to-Back Daily Trading Records

CHICAGO, May 10, 2010 - The CBOE Futures Exchange, LLC (CFE) today announced that the Exchange set several new trading records during the week ended Friday, May 7, 2010. 

From May 3 through May 7, CFE experienced the most active trading week in its history as a total of 155,672 contracts changed hands.  This was the second consecutive weekly volume record at CFE, surpassing the week of April 26 through 30 when 80,503 contracts traded.       

CFE also set new all-time highs for single-day trading volume last week -- first on Thursday, May 6, as 45,305 contracts traded and then on Friday, May 7, as 46,046 contracts changed hands.  Prior to this week, the previous single-day high had been 27,907 contracts traded on August 1, 2007. 

Volume in futures based on the CBOE Volatility Index (VIX) also set back-to-back single-day trading records on Thursday and Friday, May 6 and 7, with 44,728 contracts and 45,976 contracts traded, respectively.  These totals exceeded the old record of 27,550 contracts from April 27, 2010. 

Last week's volume pushed CFE's year-to-date total volume across the one-million contract benchmark.  The 1,078,903 contracts traded through Friday, May 7, 2010 (87 trading days), nearly equals the 1,155,318 contracts traded at CFE for all of 2009 (252 trading days). 

CFE currently offers futures on four different contracts, including the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), CBOE S&P 500 3-Month Variance (VT) and CBOE S&P 500 12-Month Variance (VA).  

CFE, launched in March 2004, is a wholly owned subsidiary of Chicago Board Options Exchange, Incorporated, offering an all-electronic, open-access market model, with traders providing liquidity and making markets.  CFE trades are cleared by the AAA-rated Options Clearing Corporation (OCC).  CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).   

More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.

CBOE Media Contacts:                                                                   

Gail Osten                                                             

(312) 786-7123                                                      


Gary Compton

(312) 786-7612


Analyst Contact: 

Debbie Koopman

(312) 786-7136


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This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.


In connection with the proposed restructuring transaction, CBOE Holdings, Inc. ("CBOE Holdings") has filed certain relevant materials with the United States Securities and Exchange Commission (SEC), including a registration statement on Form S-4. Members are encouraged to read the registration statement, including the proxy statement/prospectus that are a part of the registration statement, because it contains important information about the proposed transaction. Members are able to obtain a free copy of the proxy statement/prospectus, as well as the other filings containing information about CBOE Holdings and the Chicago Board Options Exchange, Incorporated ("CBOE"), without charge, at the SEC's website, http://www.sec.gov, and the companies' website, www.CBOE.com.  In addition, CBOE members may obtain free copies of the proxy statement/prospectus and other documents filed by CBOE Holdings or the CBOE from CBOE Holdings by directing a request to the Office of the Secretary, CBOE Holdings, Inc., 400 South LaSalle Street, Chicago, Illinois 60605.


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