CBOE reports 2% decrease ADV MoM in July

The Chicago Board Options Exchange (CBOE) or CBOE Holdings, Inc. (NASDAQ: CBOE) has reported today that July average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2), and futures contracts traded on CBOE Futures Exchange (CFE®) was 4.7 million contracts, a decrease of 2% from July 2015 and 9% from June 2016.

Trading Volume Highlights: July

• Equity options traded at CBOE had an ADV of 1.4 million contracts in July, an increase of 13 percent from June 2016.
• S&P 500® Index (SPX) options had an ADV of 1.1 million contracts in July, an increase of 7 percent from July 2015.
• SPX options in extended trading hours at CBOE, had an ADV of 2,342 contracts in July, up from 1,781 in June 2016 and 592 in July 2015.
• CBOE Volatility Index® (VIX® Index) futures open interest at CFE reached a new all-time high of 525,144 contracts on July 20, surpassing the previous record of 501,835 contracts on June 7.

Business Developments: July

• On July 29, CBOE announced plans to broaden data distribution on the widely followed MSCI Emerging Markets (MXEF) and MSCI EAFE (MXEA) Indexes;
• On July 11, CBOE announced plans to list SPX Monday-expiring Weeklys options, beginning August 15, pending regulatory approval. With the expected introduction of SPX “Monday Weeklys,” which will allow investors to hedge their over-the-weekend risks, CBOE will offer SPX options with Monday, Wednesday and Friday weekly expirations;
• On July 6, CBOE announced that it has created a series of 13 “Enhanced Growth Indexes,” the second in a family of options-based strategy performance benchmarks designed to target the outcomes of specific investment strategies. The CBOE S&P 500® Enhanced Growth Indexes measure the performance of a hypothetical portfolio of SPX FLexible EXchange (FLEX®) options designed to provide targeted annual returns;
• On July 1, CBOE Holdings opened its first international business development office in London.