Cboe Global Markets Reports August 2020 Trading Volume

Rhea-AI Summary

Cboe Global Markets (CBOE) reported robust trading volumes for August 2020, showing notable increases in several segments. Total options volume reached 201.3 million contracts, an 8.2% rise from August 2019, while year-to-date volume surged 38.2% compared to the previous year. ADV for options rose across all exchanges, with Cboe C2 witnessing a substantial 28% increase. However, futures trading faced challenges, with volumes falling by 53.1% year-over-year. Despite dips in European and global FX volumes, the overall metrics reflect a positive trend in options trading.

Positive

• Total options volume in August 2020 reached 201,295,000 contracts, up 8.2% year-over-year.
• Year-to-date options volume increased 38.2%, totaling 1,690,098,000 contracts.
• Average daily volume (ADV) for Cboe Options rose 3% from July 2020.
• ADV in options on the S&P 500 Index (SPX) increased by 4% from July 2020, reaching 977,245 contracts.
• Cboe EDGX Equities Exchange saw a 67% increase in ADV compared to August 2019.

Negative

• Futures trading volume dropped by 53.1% year-over-year, totaling 3,723,000 contracts.
• Year-to-date futures volume decreased by 16.1%, totaling 36,452,000 contracts.
• European equities notional value declined by 29.3% compared to July 2020.

CHICAGO, Sept. 3, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported August monthly trading volume.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of August and year-to-date trading statistics and market share by business segment, volume in select index products, and RPC, which is reported on a one-month lag, across business lines. In addition, a supplemental data sheet that provides electronic trading statistics for Cboe Options Exchange is available on the website.

Monthly Trading Volume						Year-To-Date
	August	August	%	July	%	August	August	%
	2020	2019	Chg	2020	Chg	2020	2019	Chg
OPTIONS VOLUME (contracts, thousands)						Year-To-Date
Trading Days	21	22		22		168	168
Total Volume	201,295	186,061	8.2%	197,011	2.2%	1,690,098	1,222,599	38.2%
Total ADV	9,585	8,457	13.3%	8,955	7.0%	10,060	7,277	38.2%
FUTURES (contracts, thousands)						Year-To-Date
Trading Days	21	22		22		168	168
Total Volume	3,723	7,937	-53.1%	3,157	17.9%	36,452	43,452	-16.1%
Total ADV	177	361	-50.9%	143	23.6%	217	259	-16.1%
U.S EQUITIES MATCHED VOLUME (shares, millions)						Year-To-Date
Trading Days	21	22		22		168	168
Total Volume	28,717	28,000	2.6%	35,414	-18.9%	302,932	194,031	56.1%
Total ADV	1,367	1,273	7.4%	1,610	-15.0%	1,803	1,155	56.1%
CANADIAN EQUITIES MATCHED VOLUME (shares, thousands)*						Year-To-Date
Trading Days	20	N/A		N/A		20	N/A
Total Volume	809,558	N/A		N/A		809,558	N/A
Total ADV	40,478	N/A		N/A		40,478	N/A
EUROPEAN EQUITIES (€ millions)						Year-To-Date
Trading Days	21	22		23		171	171
Total Notional Value	€ 103,892	€ 146,949	-29.3%	€ 135,102	-23.1%	€ 1,219,419	€ 1,402,691	-13.1%
Total ADNV	€ 4,947	€ 6,679	-25.9%	€ 5,874	-15.8%	€ 7,131	€ 8,203	-13.1%
GLOBAL FX ($ millions)						Year-To-Date
Trading Days	21	22		23		173	173
Total Notional Value	$602,745	$728,031	-17.2%	$690,708	-12.7%	$6,131,127	$5,774,651	6.2%
Total ADNV	$28,702	$33,092	-13.3%	$30,031	-4.4%	$35,440	$33,379	6.2%

*Canadian Equities data reflects Cboe's acquisition of MATCHNow effective on the first business day of the month, Tuesday, August 4, 2020.

ADV= average daily volume

ADNV= average daily notional value

August 2020 Volume Highlights

• Each of Cboe Global Markets' four options exchanges saw an increase in ADV from July 2020: Cboe Options up 3 percent, Cboe C2 up 28 percent, Cboe BZX up 8 percent and Cboe EDGX up 9 percent.
• ADV at C2, BZX and EDGX Options Exchanges was up from August 2019: C2 up 28 percent, BZX up 27 percent and EDGX up 124 percent.
• ADV at Cboe EDGX Equities Exchange was up 67 percent from August 2019.
• ADV in options on the S&P 500 Index (SPX) was 977,245 contracts in August, up 4 percent from July 2020.
• ADV in options on the Cboe Volatility Index (VIX) was 346,362 contracts in August, up 6 percent from July 2020.
• Mini Cboe Volatility Index (Mini VIX) futures total volume has exceeded 735,271 contracts with an ADV of 45,954 contracts since launch on August 9.
• On Thursday, August 27, daily trading in Mini VIX futures reached 117,814 contracts, surpassing the 100,000-contract mark for the first time.
• ADV in Mini-SPX options (XSP) trading reached 26,217 contracts, up 6 percent from July 2020.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to defining markets to benefit its participants and drive the global marketplace forward through product innovation, leading edge technology and seamless trading solutions.

The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S., Canadian and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world's premier gauge of U.S. equity market volatility.

Cboe's subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe and is a leading market globally for ETP listings and trading.    

The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.

Media Contacts		Analyst Contact
Angela Tu	Tim Cave	Debbie Koopman
+1-646-856-8734	+44 (0) 7593-506-719	+1-312-786-7136
atu@cboe.com	tcave@cboe.com	dkoopman@cboe.com

CBOE-V

BZX®, Cboe®, Cboe Global Markets®, Cboe Volatility Index®, CFE®, EDGX®, and VIX® are registered trademarks and Mini VIX^SM and XSP^SM are service marks of Cboe Exchange, Inc. or its affiliates. S&P 500® and SPX® are registered trademarks of Standard & Poor's Financial Services, LLC and has been licensed for use by Cboe Exchange, Inc.  Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.

FAQ

What was Cboe's options trading volume in August 2020?

Cboe's options trading volume reached 201.3 million contracts in August 2020.

How much did Cboe's year-to-date options volume increase in 2020?

Cboe's year-to-date options volume increased by 38.2% compared to the previous year.

What was the average daily volume (ADV) for Cboe Options in August 2020?

The ADV for Cboe Options rose by 3% from July 2020.

What was the change in futures trading volume for Cboe in August 2020?

Cboe's futures trading volume decreased by 53.1% year-over-year in August 2020.

How did the European equities trading metrics perform for Cboe in August 2020?

Cboe reported a 29.3% decline in European equities notional value compared to July 2020.