CHICAGO, Jan. 3, 2012 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) today announced record 2011 options trading volume of 1.20 billion contracts for the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), combined, compared to 1.12 billion contracts in 2010. Average daily volume (ADV) in 2011 reached a new all-time high of 4.78 million contracts, an eight -percent increase from 2010 ADV of 4.44 million contracts.

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The year 2011 marked CBOE's fourth consecutive year of one-billion-plus contract trading volume.

CBOE Futures Exchange (CFE) trading volume achieved a new all-time high of 12.0 million contracts in 2011, surpassing the 4.4 million contracts traded in 2010 by 174 percent. CFE's record trading activity was propelled by robust volume in CFE's flagship product, futures on the CBOE Volatility Index (VIX). During CFE's record-setting year, nearly every major trading metric at the exchange achieved a new all-time high.

CBOE Options Trading Volume and Market Share

2011 Volume:


    --  CBOE trading volume in 2011 totaled 1.15 billion contracts versus 1.12
        billion in 2010. ADV in 2011 was 4.6 million contracts, up three percent
        from ADV of 4.4 million contracts in 2010.
    --  CBOE index options volume in 2011 totaled 320.1 million contracts versus
        270.0 million in 2010. ADV in 2011 was 1.3 million contracts, up 19
        percent from ADV of 1.1 million contracts in 2010.
    --  CBOE ETF options volume in 2011 totaled 335.1 million contracts versus
        274.2 million in 2010.  ADV in 2011 was 1.3 million contracts, up 22
        percent from ADV of 1.1 million contracts in 2010.
    --  CBOE equity options volume in 2011 totaled 496.9 million contracts
        versus 571.3 million in 2010. ADV in 2011 was nearly 2.0 million
        contracts, down 13 percent from ADV of 2.3 million contracts in 2010.
    --  Options on the S&P 500 Index (SPX), Standard and Poor's Depositary
        Receipts (SPY) and CBOE Volatility Index (VIX) posted all-time annual
        volume records of 197.5 million, 146.0 million and 98.0 million
        contracts, respectively.

December 2011 Volume:


    --  CBOE trading volume in December 2011 totaled 70.6 million contracts
        versus 84.0 million contracts in December 2010.  ADV in December was 3.4
        million contracts, down 12 percent from December 2010 ADV of 3.8 million
        contracts and down 16 percent from November 2011 ADV of 4.0 million
        contracts.
    --  See additional volume details for December by CBOE product category in
        the table below.



                                       CBOE Trading Volume                                             Year-To-Date
                                       ===================                                             ============
    (trades in thousands) Dec-11                      Dec-10          %  Chg      Nov-11          %  Chg      Dec-11         Dec-10             %  Chg
    ====================  ======                      ======          ======      ======          ======      ======         ======             ======
    Trading Days                       21                          22                          21                            252            252
    ------------                      ---                         ---                         ---                            ---            ---
    Total Exchange               70,602.8                    83,966.7        -16%        84,075.1        -16%        1,152,063.4    1,115,491.9          3%
    --------------                                                                                       ---
    Total Exchange ADV            3,362.0                     3,816.7        -12%         4,003.6        -16%            4,571.7        4,426.6          3%
    ------------------
    Equity Options               29,205.0                    46,344.1        -37%        33,482.8        -13%          496,905.8      571,281.2        -13%
    --------------               --------                    --------        ---         --------        ---           ---------      ---------        ---
    Equity Options ADV            1,390.7                     2,106.6        -34%         1,594.4        -13%            1,971.8        2,267.0        -13%
    ------------------            -------                     -------        ---          -------        ---             -------        -------        ---
    Index Options                20,474.4                    19,539.8          5%        25,639.3        -20%          320,077.1      270,006.2         19%
    -------------                --------                    --------        ---         --------        ---           ---------      ---------        ---
    Index Options ADV               975.0                       888.2         10%         1,220.9        -20%            1,270.1        1,071.5         19%
    -----------------               -----                       -----        ---          -------        ---             -------        -------        ---
    ETF Options                  20,923.3                    18,082.7         16%        24,953.1        -16%          335,080.4      274,202.1         22%
    -----------                  --------                    --------        ---         --------        ---           ---------      ---------        ---
    ETF Options ADV                 996.3                       821.9         21%         1,188.2        -16%            1,329.7        1,088.1         22%
    ===============                 =====                       =====        ===          =======        ===             =======        =======        ===

Expanded full-year and December 2011 volume information for CBOE index and ETF options is available at: www.cboe.com/data/monthlyvolume.aspx.

CBOE 2011 market share of total U.S. options industry volume was 25.3 percent, down 3.3 percentage points from 2010. If the volume from dividend trades was excluded from industry data for 2011, the Exchange's total market share for the year would be 26.2 percent.