CBOE Futures Exchange, LLC (CFE®) today announced record volume was set in futures contracts on the CBOE Volatility Index® (VIX® Index) traded in non-U.S. trading hours with an estimated 263,663 contracts changing hands. This record surpasses the previous single-day record of 235,141 contracts set during the overnight session on June 24, 2016, when U.K. voters decided that Britain should leave the European Union, an event also known as “Brexit.”
Last night’s jump in overnight trading volume followed a drop in global market prices after the results of the U.S. Presidential Election began to favor a Donald Trump victory over an expected win by Hillary Clinton.
VIX options and futures enable investors to trade volatility independent from the direction or the level of stock prices. Whether an investor’s market outlook is bullish, bearish or in between — VIX options and futures offer the ability to diversify a portfolio or hedge, mitigate or capitalize on broad market volatility. For more information on the CBOE Volatility Index and VIX options and futures, go to https://www.cboe.com/micro/vix-and-volatility.aspx.
About CBOE Futures Exchange
CBOE Futures Exchange, LLC (CFE) currently offers contracts on CBOE Volatility Index (VIX Index) futures (VX), S&P 500 Variance futures (VA), CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) futures (VXTY) and CBOE Russell 2000 Volatility Index (RVX) futures (VU).
VIX futures are available for trading nearly 24 hours a day, five days a week at CFE, beginning Sunday at 5:00 p.m. CT and ending Friday at 3:15 p.m. CT. CFE closes for 15 minutes between 3:15 p.m. CT and 3:30 p.m. CT, Monday through Thursday, after which the next trading day begins at 3:30 p.m. CT. For additional details on extended trading hours, see www.cboe.com/ETH.
CFE, an all-electronic market, is a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE). CFE is regulated by the Commodity Futures Trading Commission (CFTC) and all trades are cleared by the OCC.