Cboe Global Markets Reports Trading Volume for April 2022

Rhea-AI Summary

Cboe Global Markets (CBOE) released its trading volume statistics for April 2022, showcasing significant activity across various sectors. Key highlights include a record 26.9 million contracts traded in S&P 500 Index (SPX) Weeklys options, a 20.2% increase in multiply-listed options year-over-year, and Cboe Europe achieving a 22.99% market share, the highest since November 2018. However, Canadian equities saw a notable decline of 29.5% compared to the previous year, and U.S. equities matched shares were down 16.6% during the same period.

Positive

• Record trading volume of 26.9 million contracts in S&P 500 Index (SPX) Weeklys options for April 2022.
• 20.2% increase in multiply-listed options contracts year-over-year.
• Cboe Europe achieved a market share of 22.99%, the highest since November 2018.

Negative

• Canadian equities saw a 29.5% decrease in matched shares compared to April 2021.
• U.S. equities matched shares down 16.6% year-over-year.

CHICAGO, May 4, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported April 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 April 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.

Average Daily Trading Volume by Month						Year-To-Date
	Apr 2022	Apr 2021	% Chg	Mar 2022	% Chg	Apr 2022	Apr 2021	% Chg
Multiply-listed options (contracts, k)	10,178	8,465	20.2%	10,604	-4.0%	10,783	10,187	5.9%
Index options (contracts, k)	2,317	1,748	32.6%	2,303	0.6%	2,390	1,862	28.4%
Futures (contracts, k)	217	199	8.8%	197	9.8%	245	241	1.4%
U.S. Equities - On-Exchange (matched shares, mn)	1,629	1,466	11.1%	1,953	-16.6%	1,790	2,013	-11.1%
U.S. Equities - Off-Exchange (matched shares, mn)	91	70	28.7%	112	-19.0%	104	92	13.1%
Canadian Equities (matched shares, k)	36,332	51,514	-29.5%	42,575	-14.7%	39,962	66,338	-39.8%
European Equities (€, mn)	11,279	7,694	46.6%	13,968	-19.2%	12,476	7,556	65.1%
EuroCCP Cleared Trades (k)	111,014	96,909	14.6%	181,548	-38.9%	565,451	395,132	43.1%
EuroCCP Net Settlements (k)	771	771	-0.1%	1,039	-25.9%	3,573	3,194	11.8%
Australian Equities1 (AUD, mn)	822	N/A	N/A	898	-8.5%	866	N/A	N/A
Japanese Equities1 (JPY, bn)	148	N/A	N/A	164	-9.8%	158	N/A	N/A
Global FX ADNV ($, mn)	37,656	30,997	21.5%	45,421	-17.1%	40,914	35,501	15.2%

1Australian Equities and Japanese Equities data reflects Cboe's acquisition of Chi-X Asia Pacific effective on July 1, 2021.

ADV= Average Daily Volume

ADNV= Average Daily Notional Value

NM=Not Meaningful

April 2022 Trading Volume Highlights

U.S. Options

• S&P 500 Index (SPX) Weeklys options set a new, all-time monthly volume record with 26.9 million contracts traded during April, representing an ADV of 1.3 million contracts.
• New SPX Weeklys options with Tuesday expirations launched on April 18. Over 600,000 contracts were traded on Tuesday, April 26 as the first weekly contract expired.
• Cboe successfully launched a new Curb session beginning April 25 for trading Cboe Volatility Index (VIX) and SPX options from 4:15pm to 5:00pm ET, Monday – Friday. Nearly 7,000 SPX options contracts traded during the session on April 29.
• Total volume in Nanos options has reached nearly 36,000 contracts since launch on March 14.

European Equities and Derivatives

• Cboe Europe Equities had an overall market share of 22.99% in April, the highest month since November 2018, making it Europe's largest equities exchange for the month.
• Cboe BIDS Europe, Cboe's European block trading platform, had a 31% share of the LIS (large-in-scale) market, making it the largest platform of its type (Source: big xyt).
• Cboe Europe Derivatives (CEDX) began trading in futures and options on four additional Cboe Europe single country index benchmarks (Cboe Italy 40, Cboe Norway 25, Cboe Spain 35 and Cboe Sweden 30) on April 27.

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®, SPX®, 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.

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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 MSCI Inc. 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.

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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SOURCE Cboe Global Markets

FAQ

What were Cboe's trading volume figures for April 2022?

Cboe reported a record trading volume of 26.9 million contracts for S&P 500 Index Weeklys options and a 20.2% increase in multiply-listed options.

How did Cboe's European market share perform in April 2022?

Cboe Europe achieved a market share of 22.99% in April 2022, the highest since November 2018.

What is the performance of Cboe's Canadian equities in April 2022?

Cboe's Canadian equities matched shares decreased by 29.5% compared to April 2021.

How did U.S. equities perform for Cboe in April 2022?

U.S. equities matched shares were down 16.6% year-over-year in April 2022.