Cboe Global Markets Reports October 2021 Trading Volume

Rhea-AI Summary

Cboe Global Markets (CBOE) reported strong trading volume for October 2021, with an average daily volume (ADV) of 10,289 contracts for multiply-listed options, a 31.6% increase from October 2020. Notable highlights include a record ADV of 1,966 contracts for MSCI EAFE Index options and a significant 58% rise in Non-Deliverable Forwards (NDFs) ADNV, reaching approximately $902 million. Cboe's European block trading platform was the largest in the region, securing a 30.2% market share. Overall, the data reflects a robust performance across multiple asset classes.

Positive

• Average daily volume for multiply-listed options increased by 31.6% year-over-year.
• New daily volume record of 6,474 contracts traded for MSCI EAFE Index options on October 8.
• Non-Deliverable Forwards ADNV reached approximately $902 million, a 58% increase from the previous month.

Negative

• U.S. Equities - On-Exchange ADV decreased by 3.3% compared to October 2020.
• Futures ADV dropped by 18.9% compared to September 2021.

CHICAGO, Nov. 3, 2021 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported October 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 October 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
	Oct	Oct	%	Sep	%	Oct	Oct	%
	2021	2020	Chg	2021	Chg	2021	2020	Chg
Multiply-listed options ADV (contracts, k)	10,289	7,820	31.6%	10,092	2.0%	9,968	8,148	22.3%
Index options ADV (contracts, k)	2,047	1,598	28.1%	2,228	-8.1%	1,918	1,858	3.2%
Futures ADV (contracts, k)	210	151	39.6%	259	-18.9%	229	208	9.9%
U.S. Equities - On-Exchange ADV (matched shares, mn)	1,395	1,443	-3.3%	1,436	-2.8%	1,655	1,739	-4.8%
U.S. Equities - Off-Exchange ADV (matched shares, mn)1	76	N/A		72	5.7%	82	N/A
Canadian Equities ADV (matched shares, k)2	44,292	37,796	17.2%	42,801	3.5%	51,345	39,227	30.9%
European Equities ADNV (€, mn)	8,574	5,819	47.3%	8,180	4.8%	7,465	6,868	8.7%
EuroCCP Total Cleared Trades (k)3	109,318	93,486	16.9%	112,404	-2.7%	1,008,429	348,780	NM
EuroCCP Total Net Settlements (k) 3	834	671	24.3%	844	-1.1%	8,109	2,624	NM
Australian Equities ADNV (AUD, mn)4	821	N/A		887	-7.5%	788	N/A
Japanese Equities ADNV (JPY, bn)4	109	N/A		107	1.9%	94	N/A
Global FX ADNV ($, mn)5	35,071	30,944	13.3%	34,870	0.6%	34,058	34,627	-1.6%

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

October 2021 Trading Volume Highlights

• Cboe LIS, Cboe's European block trading platform powered by BIDS technology, was the region's largest platform of its type during October, with a market share of 30.2 percent (source: big XYT).
• MSCI® EAFE® Index (MXEA) options set a new daily volume record with 6,474 contracts traded on October 8, and a new monthly ADV record with 1,966 contracts traded per day during the month.
• Cboe SEF set a seventh consecutive monthly ADNV record in Non-Deliverable Forwards (NDFs) with approximately $902 million traded in October – up 58 percent from the previous monthly record set in September, and nearly 5x the ADNV traded in October 2020.

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. All other trademarks and service marks are the property of their respective owners.

Any products that have the MSCI Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by MSCI Inc. or Cboe and neither MSCI Inc. nor Cboe make any representations or recommendations concerning the advisability of investing in products that have MSCI 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 MSCI. 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 was CBOE's trading volume in October 2021?

CBOE reported an average daily volume of 10,289 contracts for multiply-listed options, representing a 31.6% increase from October 2020.

Did CBOE set any trading records in October 2021?

Yes, CBOE set a record ADV of 1,966 contracts for MSCI EAFE Index options and achieved a new daily volume record of 6,474 contracts on October 8.

How did CBOE's U.S. Equities trading perform in October 2021?

CBOE experienced a 3.3% decrease in On-Exchange ADV for U.S. Equities compared to October 2020.

What was the change in CBOE's futures trading volume in October 2021?

Futures ADV at CBOE decreased by 18.9% compared to September 2021.