The CBOE Futures Exchange, LLC (CFE®) today announced record volume was set in VIX Futures traded in non-U.S. trading hours with an estimated 235,000 contracts changing hands. Today’s record surpasses the previous single-day record of 140,811 contracts set during the overnight session on August 24, 2015.
With the addition of today’s trading data, monthly volume in VIX Futures in non-U.S. trading hours also set a record, with June volume traded in the overnight session totaling an estimated 753,000 contracts for the month so far, surpassing the prior record of 650,454 set in January 2016.
The jump in overnight trading volume followed a drop in global markets after the Thursday night release of results of the U.K. referendum in which voters decided that Britain should leave the European Union.
VIX options and futures enable investors to trade volatility independent of the direction or the level of stock prices. Whether an investor’s market outlook is bullish, bearish or in between — VIX options and futures offer the ability to diversify a portfolio or hedge, mitigate or capitalize on broad market volatility.
About CBOE Futures Exchange
CBOE Futures Exchange (CFE) currently offers contracts on CBOE Volatility Index (VIX Index) futures (VX), S&P 500 Variance futures (VA), CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) futures (VXTY) and CBOE Russell 2000 Volatility Index (RVX) futures (VU).
VIX futures are available for trading nearly 24 hours a day, five days a week at CFE, beginning Sunday at 5:00 p.m. CT and ending Friday at 3:15 p.m. CT. CFE closes for 15 minutes between 3:15 p.m. CT and 3:30 p.m. CT, Monday through Thursday, after which the next trading day begins at 3:30 p.m. CT. For additional details on extended trading hours, see www.cboe.com/ETH.
CFE, an all-electronic market, is a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE). CFE is regulated by the Commodity Futures Trading Commission (CFTC) and all trades are cleared by the OCC. More information on CFE and its products, including contract specifications, can be found at: http://cfe.cboe.com/.