The CBOE Futures Exchange (CFE) says yesterday’s trading set a new single-day record with reported volume of 2,132 futures contracts, eclipsing the previous high of 1,987 contracts traded on 6 August 2004. Today’s volume was also the first time that CFE single-day volume surpassed 2,000 contracts traded in one session.
“This is an exciting week for CFE,” says Pat Fay, Managing Director of CBOE Futures Exchange. “Our lifetime volume passed the 100,000 contract benchmark on Monday, we experienced a new single-day trading record today, and tomorrow we launch two new products — futures on the Russell 1000 and Mini-Russell 2000 Indexes.”
CFE, which launched on March 26, 2004, is a new, all-electronic futures exchange offering futures on the CBOE Volatility Index (VIX), CBOE S&P 500 Three-Month Variance (VT), the CBOE China Index (CX), and beginning Friday, February 4, 2005, futures on the Russell 1000 Index (RN) and Mini-Russell 2000 Index (RT).
The newly formed CFE is a wholly-owned subsidiary of Chicago Board Options Exchange.