The Chicago Board Options Exchange (CBOE) announced today that volume at the Exchange in 2004 increased by 27% over 2003 to a total of 361,086,774 contracts traded.
The past year’s figure is the highest in CBOE’s 31-year history and established a new all-time annual trading volume record at CBOE, surpassing the previous record of 326,359,531 contracts in 2000. Additionally, total volume in index options at CBOE set a new all-time record in 2004 as 136,679,303 contracts traded, besting the previous high of 114,834,854 contracts traded in 1986.
In December, volume in index options rose 13% as nearly 12 million contracts traded. For the year, index option volume increased 23% over 2003 with over 136 million contracts traded, setting a new CBOE record. During 2004, the top five most-actively traded index options at CBOE were: S&P 500 Index (SPX), S&P 100 Index (OEX), Dow Jones Industrial Average (DJX), CBOE Mini-Nasdaq 100 Index (MNX), and Nasdaq-100 Index (NDX); while the three most-actively traded ETF index options at CBOE were: Nasdaq-100 Index Tracking Stock (QQQQ), DIAMONDS Trust, Series 1 (DIA), and iShares Russell 2000 Index Fund (IWM).
December volume in stock option classes (equities) increased 12% as nearly 19 million contracts traded. For 2004, volume in stock option classes totaled over 224 million contracts, up 30% over the previous year. During 2004, the top five most-actively traded stock option classes at CBOE were: Microsoft Corp. (MSFT), Intel Corp. (INTC), Cisco Systems, Inc. (CSCO), General Electric Co. (GE), and Citigroup, Inc. (C).
All-time records for yearly volume were set in: S&P 500 Index options (SPX), Nasdaq-100 Index options (NDX), Russell 2000 Index options (RUT), options on Nasdaq-100 Index Tracking Stock (QQQQ), and options on iShares Russell 2000 Index Fund (IWM).