FOR IMMEDIATE RELEASE


CFE'S AVERAGE DAILY VOLUME IN APRIL DIPS 3% FROM PREVIOUS MONTH; ADV in VIX Futures Unchanged Compared to March

CHICAGO, May 4, 2009 - The CBOE Futures Exchange, LLC (CFE) today announced that average daily volume during April 2009 totaled 2,220 contracts, off three percent from 2,285 contracts traded during March 2009. Total trading volume during the month of April 2009 was 46,624 contracts, seven percent below the previous month when 50,271 contracts changed hands.

When compared to a year ago, April 2009 total volume was down 55 percent from 103,438 contracts traded in April 2008. Average daily volume during the month declined 53 percent versus 4,701 contracts per day during the same month last year.April 2008 was the busiest April in CFE's six-year history.

April 2009 volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 45,194 contracts, five percent below the 47,446 VX contracts traded during the previous month and 53 percent behind the 96,675 contracts traded in April 2008. April's average daily volume in VIX futures was 2,152 contracts, relatively unchanged from 2,156 contracts per day in March, but down 51 percent when compared to 4,394 VX futures contracts per day from a year ago.

CBOE Futures Exchange April 2009 Volume Summary
	April 2009 Volume 21 trading days	% Change vs Apr2008 22 trading days	% Change vs Mar 2009 22 trading days	Year-To Date Volume 82 trading days	% Change vs 2008 83 trading days
Exchange	46,624	-55%	-7%	179,356	-54%
Average Daily Volume	2,220	-53%	-3%	2,187	-53%

Trading in CFE's newest contract, the CBOE mini-VIX futures (ticker symbol VM), totaled 1,222 contracts traded during April, off 44 percent from the 2,165 contracts from March, the first month VM contracts were listed. The CBOE mini-VIX futures contracts are one-tenth the size of CFE's standard CBOE VIX futures contract.Additional information on mini-VIX futures can be found at: http://cfe.cboe.com/Products/Products_VM.aspx.


CFE currently offers futures on six different contracts, including: the CBOE Volatility Index (VIX), CBOE DJIA Volatility Index (VXD), CBOE Russell 2000 Volatility Index (RVX) and CBOE S&P 500 3-Month and 12-Month Variance (VT and VA, respectively).

CFE, launched in March 2004, is a wholly owned subsidiary of Chicago Board Options Exchange, Incorporated, offering an all-electronic, open-access market model, with traders providing liquidity and making markets. CFE trades are cleared by the triple-A-rated Options Clearing Corporation (OCC). CBOE Futures Exchange is regulated by the Commodity Futures Trading Commission (CFTC).

More information on CFE and its products, including contract specifications, can be found at: www.cboe.com/CFE.



CBOE Media Contacts:
Gail Osten
(312) 786-7123
osten@cboe.com

Gary Compton
(312) 786-7612
comptong@cboe.com

Analyst Contact:
Debbie Koopman
(312) 786-7136
koopman@cboe.com


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