CBOE Sees Steadfast Growth Across the Board During January

CBOE saw a good performance across several components of its business in January 2016, helping build on a solid performance

The Chicago Board Options Exchange (CBOE) Holdings (NASDAQ: CBOE), the paramount operator of the US equity options market, has disclosed its trading volumes for the month ending January 2016, having seen its total contracts swell MoM, according to a CBOE statement.

During January 2016, 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 102.9 million, climbing 14.3% MoM from 90.0 million contracts in December 2015.

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These robust figures represent a consecutive monthly gain for the exchange operator, despite being slightly lower over a yearly timeframe, with January 2016’s volumes at the CBOE marking a decrease of 4.0% YoY from 107.2 million contracts in January 2015.

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In addition, total options and futures average daily volume (ADV) at CBOE Holdings during January 2016 yielded 5.4 million contracts, justifying an ascension of 31.7% MoM from 4.1 million contracts in December 2015 and a marginal increase of less than 1% from 5.3 million in January 2015.

CBOE Volumes

Across its options business, Chicago Board Options Exchange ADV came in at 4.8 million contracts in January 2016, up 33.3% MoM from 3.6 million contracts in December 2015, with no change YoY from January 2015. The exchange-wide trading volume totaled 90.8 million contracts in January 2016, exploding higher by a margin of -15.2% MoM from 78.8 million contracts in December 2015.

In terms of ADV, index options in January 2016 have secured a steadfast advance of 35.0% MoM from December 2015, while ADV in exchange-traded product (ETP) options also fell the same margin – equity options also saw a 35.0% MoM from December 2015.

C2 Option Exchange

Furthermore, C2 Option Exchange’s November 2015 trading volume totaled 7.0 million contracts, higher by 4.5% MoM from 6.7 million contracts in December 2015 and a move lower of -2.1% YoY from January 2015. Meanwhile, ADV was reported at 367,831 contracts in January 2016, a 21.0% MoM increase from 304,400 contracts in December 2015 and a 2.9% growth YoY from 357,500 contracts in January 2015.

VIX Futures

Finally, CBOE Futures Exchange released a January 2016 ADV in VIX futures of 271,994 contracts, constituting a rise of 32.0% MoM from 206,040 contracts in December 2015 and 19.0% uptick YoY from 228,436 in January 2015. Additionally, total volume in VIX futures for January 2016 was 5.2 million contracts, up 14.0% MoM from 4.5 million contracts in December 2015 and up 13.0% YoY from January 2015.

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