Cboe Global Markets Reports November 2021 Trading Volume

Rhea-AI Summary

Cboe Global Markets reported record trading volumes for November 2021, with total options volume reaching 285.7 million contracts, a 32% increase from November 2020. Key highlights included record average daily notional value of €584 million on Cboe LIS, along with significant trading in global products such as S&P 500 options. Notably, Cboe achieved strong performance across various indices despite a decline in U.S. Equities off-exchange volumes.

Positive

• Total options volume reached 285,663,721 contracts, the highest on record, a 32% increase from November 2020.
• Cboe LIS reported record average daily notional value of €584 million.
• Strong performance in global trading, including high activity in S&P 500 options and VIX options.

Negative

• U.S. Equities - On-Exchange ADV down 14.7% compared to November 2020.
• Canadian Equities ADV decreased by 5.3% from previous month.
• Global FX ADNV declined by 4.3% year-over-year.

CHICAGO, Dec. 3, 2021 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported November monthly trading volume statistics across its global business lines.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain November and year-to-date trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Trading Volume for Current Month						Year-To-Date
	Nov	Nov	%	Oct	%	Nov	Nov	%
	2021	2020	Chg	2021	Chg	2021	2020	Chg
Multiply-listed options ADV (contracts, k)	11,436	9,192	24.4%	10,289	11.2%	10,102	8,239	22.6%
Index options ADV (contracts, k)	2,167	1,663	30.3%	2,047	5.9%	1,941	1,841	5.4%
Futures ADV (contracts, k)	237	175	35.6%	210	13.0%	229	205	11.8%
U.S. Equities - On-Exchange ADV (matched shares, mn)	1,472	1,725	-14.7%	1,395	5.5%	1,638	1,738	-5.7%
U.S. Equities - Off-Exchange ADV (matched shares, mn)1	98	N/A		76	29.0%	83	N/A
Canadian Equities ADV (matched shares, k)2	45,042	47,581	-5.3%	44,292	1.7%	50,742	41,341	22.7%
European Equities ADNV (€, mn)	10,054	8,208	22.5%	8,574	17.3%	7,707	6,988	10.3%
EuroCCP Total Cleared Trades (k)3	129,969	112,731	15.3%	109,318	18.9%	1,138,398	461,510	NM
EuroCCP Total Net Settlements (k) 3	923	717	28.7%	834	10.6%	9,032	3,341	NM
Australian Equities ADNV (AUD, mn)4	807	N/A		821	-1.7%	792	N/A
Japanese Equities ADNV (JPY, bn)4	111	N/A		109	2.5%	97	N/A
Global FX ADNV ($, mn)5	35,945	37,574	-4.3%	35,071	2.5%	34,233	34,887	-1.9%

1U.S. Equities Off-Exchange data reflects Cboe's acquisition of BIDS Trading effective on December 31, 2020.

2Canadian Equities data reflects Cboe's acquisition of MATCHNow effective on August 4, 2020.

3EuroCCP data reflects Cboe's acquisition of EuroCCP effective on July 1, 2020.

4Data reflects Cboe's acquisition of Chi-X Asia Pacific effective on July 1, 2021;  Australian Equities volumes exclude Trade Reporting.

5Global FX metrics continue to include Spot and as of January 2021 include SEF products.

ADV= average daily volume

ADNV= average daily notional value

NM= Not Meaningful

November 2021 Trading Volume Highlights

Options

• Total options volume across Cboe's four exchanges was 285,663,721 contracts for November, the highest volume month on record and up 32 percent from November 2020.
• Extended global trading hours (GTH) for S&P 500® Index (SPX® and SPXW) options and Cboe Volatility Index (VIX®) options launched on Sunday, November 21.
• During the GTH session on November 26:
• 40,234 contracts were traded in SPX options – its highest GTH volume YTD
• 26,897 contracts were traded in VIX options – its third highest GTH volume YTD
• 102,211 contracts were traded in VIX futures – its second highest GTH volume YTD
• Nearly 1.6 million Russell 2000 Index (RUT®) options contracts traded in total in November, with 75,075 contracts changing hands a day on average during the month – the highest volume month on record since October 2018.

Equities

• Cboe LIS, Cboe Europe's block trading platform powered by BIDS technology, reported record average daily notional value (ADNV) traded of €584 million in November, surpassing the previous record of €571 million ADNV traded in March 2020. It was also the region's largest platform of its type for the second successive month, with a market share of 29% (source: big xyt).
• In Canada, MATCHNow's conditionals book saw a record month in November and traded 20,570,300 shares single counted, representing approximately $619 million in notional value across 1,501 trades.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.

Media Contacts				Analyst Contact
Angela Tu	Tim Cave				Kenneth Hill, CFA
+1-646-856-8734	+44 (0) 7593-506-719				1-312-786-7559
atu@cboe.com	tcave@cboe.com				khill@cboe.com

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks and Cboe Futures Exchange^SM is a service mark of Cboe Exchange, Inc. or its affiliates. Standard & Poor's®, S&P®, and S&P 500®  are registered trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc All other trademarks and service marks are the property of their respective owners.

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.

Cboe Global Markets, Inc.  and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P or Russell. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice.  Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc.  and  its  affiliates make  no  warranty,  expressed  or  implied,  including,  without  limitation,  any  warranties  as  of  merchantability,  fitness  for  a particular  purpose,  accuracy,  completeness  or  timeliness,  the  results to  be  obtained  by  recipients  of  the  products  and  services  described  herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the  Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons.  Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

Futures trading is not suitable for all investors and involves the risk of loss. That risk of loss can be substantial and can exceed the amount of money deposited for a futures position. You should, therefore, carefully consider whether futures trading is suitable for you in light of your circumstances and financial resources. You should put at risk only funds that you can afford to lose without affecting your lifestyle. For additional information regarding futures trading risks, see the Risk Disclosure Statement set forth in Appendix A to CFTC Regulation 1.55(c) and the Risk Disclosure Statement for Security Futures Contracts.

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SOURCE Cboe Global Markets, Inc.

FAQ

What were Cboe's trading volumes for November 2021?

Cboe reported total options volume of 285,663,721 contracts in November 2021.

How much did Cboe's average daily notional value increase in November 2021?

Cboe LIS reported a record average daily notional value (ADNV) of €584 million, surpassing previous records.

What is the significance of the increase in trading volume for Cboe?

The increase in trading volume signifies growing trading activity and market participation, enhancing Cboe's market position.

What challenges did Cboe face in its November 2021 trading performance?

Cboe faced declines in U.S. Equities - On-Exchange ADV, which was down 14.7% compared to November 2020.