Cboe, CBSX, & CFE Press Releases

FOR IMMEDIATE RELEASE


CBOE FEBRUARY VOLUME INCREASES 28% TO 78.7 MILLION; ETF VOLUME INCREASES 72%

AVERAGE DAILY VOLUME AT 3.9 MILLION CONTRACTS


CHICAGO, March 3, 2008 - The Chicago Board Options Exchange (CBOE) announced today that February volume totaled 78.7 million contracts, an increase of 28.4% over February 2007's volume of 61.3 million contracts. Average daily volume for the month was 3.9 million contracts.

Total
Volume
Feb 2008
Volume
(20 days)
% Change vs Feb 2007(19 days)
% Change vs Jan 2008
(21 days)
Year-To-Date Volume
(41 days)
% Change vs 2007
(39 days)
Industry Total
244,419,633
+33.3%
-32%
601,582,921
+58%
CBOE Total
78,726,593
+28.4%
-29.0%
189,557,681
+54.6%
Avg Daily Vol
3,936,330
+22.0%
-25.4%
4,623,358
+47.1%
Equity
40,318,333
+17.5%
-26.8%
95,367,828
+32.9%
Index & ETF
38,407,542
+42.3%
-31.1%
94,189,021
+85.2%
ETF (only)
21,501,971
+72.8%
-32.8%
53,483,883
+135.5%
Open Interest
235,861,354
+19.6%
+8.2%
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CBOE maintained its leadership position with 32.2% market share of total industry volume for February with a slight decrease of 1.2% compared to February 2007. CBOE's market share in multiply listed index and ETF options was 35.3%, an increase of 0.8% from the previous month.Year-to-date, CBOE's market share of 31.5% is down slightly from 2007.

CBOE Market Share
Feb 2008 Market Share
% Change vs
Feb 2007
% Change vs
Jan 2008
Year-To-Date Market Share
% Change vs 2007
Exchange
32.2%
-1.2%
+1.2%
31.5%
-0.7%
Equity
25.4%
-0.3%
+1.1%
24.7%
-0.3%
Index & ETF
(multiple listings only)
35.3%
-6.8%
+0.8
35.6%
(last 12 months)

-5.1%


*In February, volume in equity options totaled 40.3 million contracts, an increase of 17.5% over February 2007's volume of 34.3 million contracts. The top five most actively traded equity options during the month were: Apple Computer, Inc. (AAPL), Yahoo! Inc. (YHOO), Citigroup, Inc. (C), Microsoft Corp. (MSFT) and Clear Channel (CCU).

*Total volume in index and exchange traded fund (ETF) options during February was 38.4 million contracts traded, up 42.3% over February 2007's volume of 26.9 million contracts. The top five most-actively traded index and ETF options at CBOE during February were: S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ) and VIX Options (VIX).

*Total volume for the month in VIX options was 1,995,487 contracts, up 130% over February 2007's volume of 866,495 contracts.

*During February, two CBOE memberships, or seats, were traded. The first sale of the month occurred on Wednesday, February 11, at a price of $3,100,000 and the second sale on February 21, was for $3 million.

*During February, volume at the CBOE Stock Exchange (CBSX) totaled 232,751,993 shares. Average daily volume at CBSX was 11,637,600 shares and a total of 252,203 trades were executed during February.

*On February 25, CBOE and The Chicago Cubs announced their partnership for the first-ever auction of season tickets to Cubs home games. The partnership also includes naming rights to the new seats at Wrigley Field as well as presenting sponsorship of front row tickets at the Friendly Confines.



CBOE Individual Index Volume Figures For February 2008


Symbol
Product
Total
Volume
% Change vs Feb 07
% Change vs Jan 08
Open Interest
% Change vs 2007
SPX

S&P 500 Index
11,430,307
+14%
-31%
11,196,295
+27%
VIX
CBOE Volatility Index
(options)
1,995,487
+130%
-9%
956,037
+14%
SPY
Standard & Poor's Depositary Receipts (SPDRs)
5,917,653
+180%
-25%
10,001,016
+123%
XSP

Mini-S&P 500 Index
116,020
-7%
-60%
338,406
-66%
OEX

S&P 100 Index
(American-Style Exercise)
845,452
-26%
-35%
270,333
-8%
XEO

S&P 100 Index
(European-Style Exercise)
125,778
-48%
-21%
112,600
-31%
DJX

Dow Jones Industrial Average
526,405
-13%
-8%
769,649
+15%
DIA

DIAMONDS Trust, Series 1
691,963
27%
-38%
1,510,812
+33%
NDX

Nasdaq-100 Index
416,233
-40%
-31%
483,723
-26%
MNX

CBOE Mini-NDX Index
(based on Nasdaq-100)
329,623
+24%
-30%
1,676,578
-10%
VXN
CBOE NDX Volatility Index
217

-7%
351

QQQQ
PowerShares QQQ Trust
4,018,853
24%
-43%
6,895,595
-8%

RUT
Russell 2000 Index

896,809
+120%
-41%
1,735,811
+100%
RVX
CBOE RSL2000 VOLATILITY INDEX
2172

-21%
1,345

IWM

iShares Russell 2000 Index Index Fund
5,954,249
+23%
-42%
6,933,330
+16%
SMH

Semiconductor HOLDRs Trust
91,541
-21%
-34%
619,681
-12%
OIH

Oil Services HOLDRs Trust
221,542
-16%
-43%
436,453
-26%
EEM
iShares MSCI Emerging Markets Index
1,082,380
+301%
+14%
1,612,558
207%
XLF
Financial Select SPDR
1,275,836
676%
-22%
5,227,395
305%
XLE

Energy Select SPDR
446,450
157%
0%
1,561,318
19%
QQQQ
PowerShares QQQ Trust
4,018,853
24%
-43%
6,895,595
-8%

CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com/.


CBOE Media Contacts:
Debbie Baratz
(312) 786-7123
baratz@cboe.com

Gary Compton
(312) 786-7612
comptong@cboe.com

Analyst Contact:
Debbie Koopman
(312) 786-7136
koopman@cboe.com



CBOE®, Chicago Board Options Exchange®, CBOEdirect®, CBOE Volatility Index®, VIX®, XEO® and OEX® are registered trademarks of Chicago Board Options Exchange, Incorporated. SPXSM, XSPSM MNXSM, CBSXSM and CBOE Stock ExchangeSM are service marks of Chicago Board Options Exchange, Incorporated. CFESM and CBOE Futures Exchange are service marks of CBOE Futures Exchange, LLC. Dow Jones®, DJIA®, and DIAMONDS® are registered trademarks of Dow Jones & Company, Inc. Dow Jones Industrial AverageSM and Options on the DowSM are service marks of Dow Jones & Company. CBOE's Options on the Dow based on the Dow Jones Industrial Average and financial products based on the CBOE DJIA Volatility Index are not sponsored, endorsed, marketed or promoted by Dow Jones. S&P®, S&P 100®, S&P 500®, and SPDR are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement. The Russell 2000® Index is a registered trademark of The Frank Russell Company used under license. Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, and Nasdaq-100 Index Tracking StockSM are trademarks of The Nasdaq Stock Market, Inc. iShares is a service mark of Barclays Global Investors, N.A. "HOLDRS" and "HOLding Company Depositary ReceiptS" are service marks of Merrill Lynch & Co., Inc.

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.

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