While volume for the equities market and the exchanges was lackluster for 2013, according to early anecdotal reports, it wasnt all that bad for equities derivatives.
The Chicago Board of Options Exchange saw its annual trading volume for options and volatility (VIX) futures hit an all-time high in 2013.
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For a fourth consecutive year, exchange-wide trading volume at the Chicago Future Exchange was up as it hit the 40.2 million contract level last year. Thats up a whopping 68 percent from the 23.9 million contracts traded in 2012. Average daily volume at the CFE also reached a new high for a fourth straight year in 2013 with 159,498 contracts trading per day – up 67 percent from the 2012 level of 95,569 contracts.
Trading volume in VIX futures totaled 39.9 million contracts for the year, a fourth straight annual volume record, and surpassing the 23.8 million contracts traded in 2012 by 68 percent. Average daily volume in VIX futures was 158,508 contracts, also a fourth consecutive annual record, and up 67 percent from 2012.
In December, the exchange also saw gains in its trading volume. CFE trading volume totaled 3.2 million contracts, an increase of 16 percent over 2.66 million contract s in November. Year-over-year volume was up 31 percent from December 2012s 2.45 million contract level.
Monthly average daily trading volume during December was 152,440 contracts, an increase of 25 percent from a year ago and an increase of 19 percent from the previous month.
