Record Volume and Open Interest in 2016 for CBOE Index Products

CBOE index products continue to attract growing interest from investors who wish to manage the income and volatility in their portfolios. A recent press release by CBOE Holdings noted that —
“… Several trading records were set [in 2016]. Total volume and average daily volume (ADV) in index options trading at CBOE reached new all-time highs for the fourth consecutive year in 2016 with 430.7 million and 1.7 million contracts, respectively, each up 6 percent from 2015. Total volume and ADV in S&P 500® Index (SPX) options trading at CBOE reached new all-time highs for the fourth consecutive year in 2016 with 258 million and 1 million contracts, respectively, each up 9 percent from 2015. Trading in CBOE Volatility Index® (VIX®) futures at CFE set new records for total volume and ADV for the seventh consecutive year in 2016 with 60.2 million and 238,773 contracts, respectively, up 16 percent from 2015. VIX futures at CFE set record total volume in non-U.S. trading hours with 6.6 million contracts, up 46 percent from 2015’s 4.6 million contracts. … “

RECORDS FOR S&P 500 (SPX) OPTIONS

All-time records for SPX options were set in 2016 for both average daily volume (which rose 9% to 1,023,623 contracts) and year-end open interest (which rose 18% to more than 12.9 million contracts).

RECORD FOR VIX FUTURES

In 2016 average daily volume for VIX futures rose 16% to a new record of 238,773 contracts.

RECORD VOLUME SESSIONS FOR VIX FUTURES DURING NON-U.S. TRADING HOURS

A November 9 press release noted that –

“ … CBOE Futures Exchange, LLC (CFE®) today announced record volume was set in futures contracts on the CBOE Volatility Index® (VIX® Index) traded in non-U.S. trading hours with an estimated 263,663 contracts changing hands. This record surpasses the previous single-day record of 235,141 contracts set during the overnight session on June 24, 2016, when U.K. voters decided that Britain should leave the European Union, an event also known as “Brexit.” … “

On the CFE, the all-time record volume days during non-U.S. trading hours were —
• 263,663 9-Nov-2016
• 235,141 24-Jun-2016
• 140,811 24-Aug-2015
• 78,756 14-Jun-2016
• 70,123 16-Oct-2014
To learn more about round-the clock trading during Extended Trading Hours, visit www.cboe.com/ETH.