The operators of the Chicago Board Options Exchange said its futures exchange achieved record volume in 2011, based on its fear index.

The CBOE said its Futures Exchange handled 12 million contracts in a year for the first time. The record activity was driven by “robust volume” in the exchange’s flagship product: futures on the CBOE Volatility Index (VIX).

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.