CBOE Reports May 2015 Volumes, Futures Exchange Sees Steadfast Growth

CBOE Holdings saw a number of its exchanges perform on an uneven basis, despite the outperformance of its VIX futures.

The Chicago Board Options Exchange (CBOE) Holdings (NASDAQ: CBOE), a primary operator of the US stock options market, has released its May 2015 volumes, showing a decline across a number of its operations, according to a CBOE statement.

For the month ending May 2015, CBOE Holdings reported a total trading volume for options contracts on Chicago Board Options Exchange, C2 Options Exchange, and futures contracts on CBOE Futures Exchange of 85.3 million contracts, constituting a decrease of -7.0% MoM from April 2015 and a -12.0% fall YoY from May 2014.

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Additionally, total options and futures average daily volume (ADV) at CBOE Holdings during May 2015 yielded 4.3 million contracts, corresponding to a decrease of -2.0% from April 2015 and a decline of -8.0% from May 2014.

CBOE Volumes

Across its options business, Chicago Board Options Exchange ADV came in at 3.8 million contracts in May 2015, down -2.0% MoM from April 2015 and -11.0% YoY from May 2014. The exchange-wide trading volume totaled just 75.3 million contracts in May, diving -7.0% from April 2015 and -15.0% from May 2014.

In terms of ADV, index options in May managed to rise 11.0% MoM from April 2015, while ADV in exchange-traded product (ETP) options and equity options declined by -4.0% and -12.0% respectively from April 2015.

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C2 Option Exchange

Moreover, C2 Option Exchange’s May 2015 trading volume totaled 6.5 million contracts, a fall of -7.0% from April 2015 and a rise of 15.0% from May 2014. Meanwhile, ADV was reported at 323,732 contracts in May 2015, a -3.0% decrease from April 2015 and a 21% increase from May 2014.

VIX Futures

Finally, CBOE Futures Exchange released a May 2015 ADV in VIX futures of 174,923 contracts, good for a 9.0% rise from April 2015 and 22.0% from May 2014. Additionally, total volume in VIX futures for May 2015 was 3.5 million contracts, growing 3% MoM from April 2015 and 16.0% from May 2014.

CBOE Makes Acquisiton

CBOE Holdings has also entered into an agreement to acquire the market data services and trading analytics platforms of Livevol, Inc., a provider of equity and index options technology to professional and retail traders. The acquisition has already been approved by the board of directors of both CBOE Holdings and Livevol, Inc. and is expected to close by June 30, 2015 – financial terms of the deal were not disclosed presently.

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