Chicago Future Exchange Experiences Busiest Week In History

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

“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.”

Chicago Board Option Exchange

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, the CBOE says in a statement.

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).

“Freaky Thursday” -Busiest Ever

The Chicago Board Options Exchange (CBOE) also reported today that Thursday, May 6 was its most active trading day ever as a record 10,571,568 contracts changed hands, surpassing the previous daily record of 9,975,464 contracts traded on September 18, 2008.

ETF options volume at CBOE also set a new daily record on Thursday with 3,422,162 contracts traded. The previous daily volume record was 3,362,681 contracts traded on September 17, 2008.

In addition, CBOE Futures Exchange (CFE), home of CBOE Volatility Index futures, established an all-time daily volume record of 45,302 contracts on Thursday.

CFE’s previous daily record totaled 27,907 contracts on August 1, 2007.

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