CHICAGO, October 20, 2010 - The CBOE Futures Exchange (CFE) today announced that R.J. O'Brien (RJO), the largest independent futures brokerage firm in the United States, has become the latest firm to become a clearing member on the Exchange.
"We are pleased to add RJO to the ranks of our clearing firms at CFE," Andrew Lowenthal, CFE Managing Director, said. "This new relationship enables R.J. O'Brien's broad global network of nearly 300 introducing brokers and customers to gain access to CFE's volatility products, including our flagship VIX futures contract."
"CBOE Futures Exchange has experienced broad success in the acceptance of its volatility products in a few short years," said Matthew Rees, Chief Relationship Officer of R.J. O'Brien. "We believe that our diversified client base can benefit from having more ways to construct both long- and short-term exposures to volatility as part of their futures portfolios with CFE contracts."
CFE, launched in 2004, currently offers futures on five contracts, including: the CBOE Volatility Index (VIX), CBOE mini-VIX (VM), Weekly options on VIX futures (VOW), CBOE S&P 500 3-Month Variance (VT) and CBOE S&P 500 12-Month Variance (VA).
For the first nine months of 2010, CFE trading volume totaled 2.6 million contracts, compared with just 642,000 contracts during the same period in 2009, more than a 300-percent year-over-year volume increase. September 2010 was the second most active trading month on record at CFE and the twelfth consecutive month in which total volume registered an increase when comparing year-over-year trading activity.
CFE, a wholly-owned subsidiary of CBOE Holdings, Inc. (NASDAQ: CBOE), offers an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE trades are cleared by the AAA- rated Options Clearing Corporation (OCC). CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).