JANUARY IS BUSIEST MONTH IN CBOE HISTORY

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CBOE Updates
JANUARY IS BUSIEST MONTH IN CBOE HISTORY
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Feb 13, 2008 - 8:04:17 PM

The Chicago Board Options Exchange (CBOE) announced that trading volume during January rose 81% to 110,831,088 contracts, up from January 2007's volume of 61,319,060 contracts. January 2008 was the busiest month in CBOE's 35-year history, surpassing the previous high of 105,551,741 contracts traded in August 2007. Average daily volume established a record in January with 5,277,671 contracts traded per day, compared to the 3,065,953 contracts per day during January 2007 and besting the previous high of 4,626,640 contracts per day during November 2007.

During January, total volume in equity options set a new record of 55,049,495 contracts traded, eclipsing the previous high of 51,777,531 contracts traded in October 2007. The 55.0 million contracts traded in January 2008 was up 47% over January 2007's total of 37.5 million contracts.

CBOE also experienced the busiest trading week in its history last month as 32,022,642 contracts traded over the five days spanning January 14 to 18. This new high topped the previous weekly volume record of 27,866,804 contracts traded during the week of August 6 - 10, 2007. Additionally, seven of the top twenty busiest single trading days in CBOE's history occurred during January, including four of the top six all-time trading days.

CBOE's January Market Share Of 31% Unchanged Versus Year-Ago

In January, CBOE's market share of total industry volume was 31%, which was unchanged from January 2007, and up one-half percentage point from the previous month. In multiply-listed index and exchange traded fund options, CBOE's January market share was 34.5%, up 1.3 percentage points from the previous month.

QQQQ, SPY and RUT Options Set New Monthly Volume Records During January, Volume In Index and ETF Options Increased 134% Over Year-Ago.
Volume in options on index and exchange traded funds (ETF) during January 2008 totaled 55,781,479 contracts, up 134% from the 23,864,073 contracts traded during January 2007. Average daily volume for the month was 2,656,261 contracts, compared to 1,193,204 contracts per day a year-ago.

The top five most-actively traded index and ETF options at CBOE during January were S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ), and CBOE Volatility Index (VIX).

Total volume for the month in VIX options was 2,184,959 contracts, up 250% over January 2007's volume of 624,829 contracts. Average daily volume was 104,046 contracts in January 2008, compared to 31,241 contracts per day a year-ago.

Total equity options volume for January 2008 was a record 55,049,495 contracts, up 47% from the 37,454,543 contracts last January. For the month, average daily volume in equity options was 2,621,405 contracts, compared to 1,872,727 contracts per day a year-ago. The top five most actively traded equity options during January were Apple, Inc. (AAPL), Citigroup, Inc. (C), Intel Corporation (INTC), Microsoft Corp. (MSFT), and Google Inc. (GOOG).

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