Filed by CBOE Holdings, Inc.

pursuant to Rule 425 under the Securities Act of 1933, as amended

 

Subject Company: CBOE Holdings, Inc.

Subject Company’s Commission File No.: 333-140574

 

On March 3, 2008, the Chicago Board Options Exchange, Incorporated issued the following press release.

 

CBOE News Release

 

Chicago Board Options Exchange

400 S. LaSalle Street

Chicago, IL  60605

 

FOR IMMEDIATE RELEASE

 

CBOE FEBRUARY VOLUME INCREASES 28% TO 78.7 MILLION;

ETF VOLUME INCREASES 72%

AVERAGE DAILY VOLUME AT 3.9 MILLION CONTRACTS

 

CHICAGO, March 3, 2008 — The Chicago Board Options Exchange (CBOE) announced today that February volume totaled 78.7 million contracts, an increase of 28.4% over February 2007’s volume of 61.3 million contracts.  Average daily volume for the month was 3.9 million contracts.

 

Total
Volume

 

Feb 2008
Volume
(20 days)

 

% Change vs
Feb 2007
(19 days)

 

% Change vs
Jan 2008
(21 days)

 

Year-To-Date
Volume
(41 days)

 

% Change
vs 2007
(39 days)

 

Industry Total

 

244,419,633

 

+33.3

%

-32

%

601,582,921

 

+58

%

CBOE Total

 

78,726,593

 

+28.4

%

-29.0

%

189,557,681

 

+54.6

%

Avg Daily Vol

 

3,936,330

 

+22.0

%

-25.4

%

4,623,358

 

+47.1

%

Equity

 

40,318,333

 

+17.5

%

-26.8

%

95,367,828

 

+32.9

%

Index & ETF

 

38,407,542

 

+42.3

%

-31.1

%

94,189,021

 

+85.2

%

ETF (only)

 

21,501,971

 

+72.8

%

-32.8

%

53,483,883

 

+135.5

%

Open Interest

 

235,861,354

 

+19.6

%

+8.2

%

——

 

——

 

 

CBOE maintained its leadership position with 32.2% market share of total industry volume for February with a slight decrease of 1.2% compared to February 2007. CBOE’s market share in multiply listed index and ETF options was 35.3%, an increase of 0.8% from the previous month.  Year-to-date, CBOE’s market share of 31.5% is down slightly from 2007.

 

CBOE Market Share

 

Feb 2008
Market Share

 

% Change vs
Feb 2007

 

% Change vs
Jan 2008

 

Year-To-Date
Market Share

 

% Change
vs 2007

 

Exchange

 

32.2

%

-1.2

%

+1.2

%

31.5

%

-0.7

%

Equity

 

25.4

%

-0.3

%

+1.1

%

24.7

%

-0.3

%

Index & ETF (multiple listings only)

 

35.3

%

-6.8

%

+0.8

 

35.6
(last 12 months)

%

-5.1

%

 

 


 

·                  In February, volume in equity options totaled 40.3 million contracts, an increase of 17.5% over February 2007’s volume of 34.3 million contracts. The top five most actively traded equity options during the month were: Apple Computer, Inc. (AAPL), Yahoo! Inc. (YHOO), Citigroup, Inc. (C), Microsoft Corp. (MSFT) and Clear Channel (CCU).

 

·                  Total volume in index and exchange traded fund (ETF) options during February was 38.4 million contracts traded, up 42.3% over February 2007’s volume of 26.9 million contracts.  The top five most-actively traded index and ETF options at CBOE during February were: S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor’s Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ) and VIX Options (VIX).

 

·                  Total volume for the month in VIX options was 1,995,487 contracts, up 130% over February 2007’s volume of 866,495 contracts.

 

·                  During February, two CBOE memberships, or seats, were traded.  The first sale of the month occurred on Wednesday, February 11, at a price of $3,100,000 and the second sale on February 21, was for $3 million.

 

·                  During February, volume at the CBOE Stock Exchange (CBSX) totaled 232,751,993 shares.  Average daily volume at CBSX was 11,637,600 shares and a total of 252,203 trades were executed during February.

 

·                  On February 25, CBOE and The Chicago Cubs announced their partnership for the first-ever auction of season tickets to Cubs home games. The partnership also includes naming rights to the new seats at Wrigley Field as well as presenting sponsorship of front row tickets at the Friendly Confines.

 

 

CBOE Individual Index Volume Figures For February 2008

 

Symbol

 

Product

 

Total
Volume

 

% Change
vs Feb 07

 

% Change
vs Jan 08

 

Open
Interest

 

% Change
vs 2007

 

SPX

 

S&P 500 Index

 

11,430,307

 

+14

%

-31

%

11,196,295

 

+27

%

VIX

 

CBOE Volatility Index (options)

 

1,995,487

 

+130

%

-9

%

956,037

 

+14

%

SPY

 

Standard & Poor’s Depositary Receipts (SPDRs)

 

5,917,653

 

+180

%

-25

%

10,001,016

 

+123

%

XSP

 

Mini-S&P 500 Index

 

116,020

 

-7

%

-60

%

338,406

 

-66

%

OEX

 

S&P 100 Index (American-Style Exercise)

 

845,452

 

-26

%

-35

%

270,333

 

-8

%

XEO

 

S&P 100 Index (European-Style Exercise)

 

125,778

 

-48

%

-21

%

112,600

 

-31

%

DJX

 

Dow Jones Industrial Average

 

526,405

 

-13

%

-8

%

769,649

 

+15

%

DIA

 

DIAMONDS Trust, Series 1

 

691,963

 

27

%

-38

%

1,510,812

 

+33

%

NDX

 

Nasdaq-100 Index

 

416,233

 

-40

%

-31

%

483,723

 

-26

%

MNX

 

CBOE Mini-NDX Index (based on Nasdaq-100)

 

329,623

 

+24

%

-30

%

1,676,578

 

-10

%

VXN

 

CBOE NDX Volatility Index

 

217

 

 

 

-7

%

351

 

 

 

 

 

2


 

QQQQ

 

PowerShares QQQ Trust

 

4,018,853

 

24

%

-43

%

6,895,595

 

-8

%

RUT

 

Russell 2000 Index

 

896,809

 

+120

%

-41

%

1,735,811

 

+100

%

RVX

 

CBOE RSL2000 VOLATILITY INDEX

 

2172

 

 

 

-21

%

1,345

 

 

 

IWM

 

iShares Russell 2000 Index Index Fund

 

5,954,249

 

+23

%

-42

%

6,933,330

 

+16

%

SMH

 

Semiconductor HOLDRs Trust

 

91,541

 

-21

%

-34

%

619,681

 

-12

%

OIH

 

Oil Services HOLDRs Trust

 

221,542

 

-16

%

-43

%

436,453

 

-26

%

EEM

 

iShares MSCI Emerging Markets Index

 

1,082,380

 

+301

%

+14

%

1,612,558

 

207

%

XLF

 

Financial Select SPDR

 

1,275,836

 

676

%

-22

%

5,227,395

 

305

%

XLE

 

Energy Select SPDR

 

446,450

 

157

%

0

%

1,561,318

 

19

%

 

CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com.

 

CBOE Contacts:

 

 

 

Analyst Contact:

Debbie Baratz

 

Gary Compton

 

Deborah Koopman

(312) 786-7123

 

(312) 786-7612

 

(312) 786-7136

baratz@cboe.com

 

comptong@cboe.com

 

koopman@cboe.com

 

CBOEÒ, Chicago Board Options ExchangeÒ, CBOEdirectâ, CBOE Volatility Index®, VIX®, XEOâ and OEXÒ are registered trademarks of Chicago Board Options Exchange, Incorporated. SPXSM, MNXSM and “PowerPacksSM” are service marks of Chicago Board Options Exchange, Incorporated.  CFESM and CBOE Futures Exchange are service marks of CBOE Futures Exchange, LLC.  Dow Jonesâ, DJIAâ, and DIAMONDS® are registered trademarks of Dow Jones & Company, Inc.  Dow Jones Industrial AverageSM and Options on the DowSM are service marks of Dow Jones & Company.  CBOE’s Options on the Dow based on the Dow Jones Industrial Average and financial products based on the CBOE DJIA Volatility Index are not sponsored, endorsed, marketed or promoted by Dow Jones. S&PÒ, S&P 100Ò, S&P 500Ò, and SPDR are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement.  The Russell 2000® Index is a registered trademark of The Frank Russell Company used under license.  Nasdaq(Ò), Nasdaq-100®, Nasdaq-100 Index®, and Nasdaq-100 Index Tracking StockSM are trademarks of The Nasdaq Stock Market, Inc. iShares is a service mark of Barclays Global Investors, N.A. “HOLDRS” and “HOLding Company Depositary ReceiptS” are service marks of Merrill Lynch & Co., Inc.

 

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

 

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In connection with the proposed restructuring transaction, CBOE Holdings, Inc. (“CBOE Holdings”) has filed certain relevant materials with the United States Securities and Exchange Commission (SEC), including a registration statement on Form S-4. Members are encouraged to read the registration statement, including the proxy statement/prospectus that are a part of the registration statement, because it contains important information about the proposed transaction. Members are able to obtain a free copy of the proxy statement/prospectus, as well as the other filings containing information about CBOE Holdings and the Chicago Board Options Exchange, Incorporated (“CBOE”), without charge, at the SEC’s Web site, http://www.sec.gov, and the companies’ website, www.CBOE.com.  In addition, CBOE members may obtain free copies of the proxy statement/prospectus and other documents filed by CBOE Holdings or the CBOE from CBOE Holdings by directing a request to the Office of the Secretary, CBOE Holdings, Inc., 400 South LaSalle Street, Chicago, Illinois 60605.

 

CBOE Holdings, the CBOE and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CBOE Holdings and of the CBOE is available in the prospectus/proxy statement.

 

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