CBOE Futures Exchange, LLC (CFE), part of CBOE Holdings, Inc (NASDAQ:CBOE), has just added its voice to the chorus of electronic trading companies reporting robust operating metrics for August 2015, as markets volatility towards the end of last month obviously bolstered trading activity.
CFE noted that August 2015 was its second-busiest month of all time and its third consecutive monthly gain for 2015. Average daily volume (ADV) in CBOE Volatility Index® (VIX® Index) futures jumped 34% from July 2015 and 41% from August 2014.
VIX Futures
Total volume in VIX futures for August 2015 was 6.4 million contracts, marking a rise of 28% from the previous month and 41% from a year ago. August VIX futures’ ADV was 304,964 contracts. August’s total and ADV for VIX futures ranked second in terms of all-time monthly records, lagging behind the previous record of 7.4 million total and 323,761 ADV seen in October 2014.
Total CFE
Exchange-wide ADV at CFE was 305,185 contracts in August, up 34% from July 2015 and up 40% from August 2014. Exchange-wide total volume for the month was 6.4 million contracts, up 28% percent from the previous month and up 40% from the year-ago total.
Records during non-US trading hours
Trading activity in VIX futures during non-U.S. trading hours soared in August. Monthly ADV reached a record 30,500 contracts, exceeding the 28,365 contracts traded in October 2014. Total monthly volume was 640,498 contracts, the second-highest monthly total on record, surpassed only by the 652,397 contracts in October 2014.
Moreover, single-day volume reached a new high of 140,811 contracts on August 24, the so-called “Black Monday”.
To view the official announcement from CBOE Futures Exchange, click here.