Cboe Global Markets Reports Trading Volume for August 2024
Rhea-AI Summary
Cboe Global Markets (CBOE) reported its August 2024 trading volume statistics, showing mixed results across its global business lines. Index options saw a 15.1% year-over-year increase in average daily trading volume (ADV), while futures contracts surged 32.2%. Global FX trading volume also rose significantly, up 21.8% from the previous year.
However, multiply-listed options experienced a 6% decline in ADV compared to August 2023. U.S. equities on-exchange trading volume also decreased by 6.5% year-over-year. Notable achievements include the second-highest single-day volume for S&P 500 Index (SPX) options on August 5th, with 4.5 million contracts traded, and the second-best monthly volume for VIX options since February 2018.
Positive
- Index options ADV increased by 15.1% year-over-year
- Futures contracts ADV surged 32.2% compared to August 2023
- Global FX trading volume rose 21.8% from the previous year
- S&P 500 Index options reached second-highest single-day volume on August 5th with 4.5 million contracts
- VIX options achieved second-best monthly volume since February 2018
- Global FX set new monthly volume records in August for Spot Full Amount and Cboe SEF Non-Deliverable Forwards
Negative
- Multiply-listed options ADV declined 6% compared to August 2023
- U.S. equities on-exchange trading volume decreased 6.5% year-over-year
News Market Reaction 1 Alert
On the day this news was published, CBOE gained 0.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain August 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 (ADV) by Month | Year-To-Date | |||||||
Aug 2024 | Aug 2023 | % Chg | Jul | % | Aug 2024 | Aug 2023 | % | |
Multiply-listed options (contracts, k) | 10,344 | 11,007 | -6.0 % | 11,145 | -7.2 % | 10,603 | 10,888 | -2.6 % |
Index options (contracts, k) | 4,403 | 3,825 | 15.1 % | 4,140 | 6.4 % | 4,110 | 3,641 | 12.9 % |
Futures (contracts, k) | 318 | 240 | 32.2 % | 267 | 18.8 % | 252 | 218 | 15.5 % |
1,258 | 1,346 | -6.5 % | 1,280 | -1.7 % | 1,385 | 1,414 | -2.0 % | |
78 | 75 | 3.1 % | 76 | 2.0 % | 78 | 82 | -4.5 % | |
Canadian Equities (matched shares, k) | 137,798 | 118,919 | 15.9 % | 122,608 | 12.4 % | 143,784 | 132,900 | 8.2 % |
European Equities (€, mn) | 8,472 | 7,242 | 17.0 % | 9,229 | -8.2 % | 9,513 | 9,652 | -1.4 % |
Cboe Clear Europe Cleared Trades2 (k) | 98,844 | 85,010 | 16.3 % | 105,831 | -6.6 % | 798,020 | 803,496 | -0.7 % |
Cboe Clear Europe Net Settlements2 (k) | 982 | 858 | 14.5 % | 1,022 | -3.9 % | 7,293 | 6,719 | 8.5 % |
Australian Equities (AUD, mn) | 860 | 661 | 30.2 % | 771 | 11.6 % | 777 | 699 | 11.2 % |
Japanese Equities (JPY, bn) | 334 | 176 | 89.3 % | 323 | 3.4 % | 319 | 170 | 87.5 % |
Global FX ($, mn) | 51,330 | 42,139 | 21.8 % | 45,586 | 12.6 % | 46,971 | 43,664 | 7.6 % |
1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting. |
2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. As of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades. |
August 2024 Trading Volume Highlights
Global Derivatives
- On August 5th, 4.5 million S&P 500 Index (SPX) options contracts were traded, the second-highest single-day volume on record.
- Total volume in August in Cboe Volatility Index (VIX) options was 26.1 million contracts, with an ADV of 1.2 million contracts, the second-best monthly volume behind February 2018.
Global FX
- Global FX set new monthly volume records in August, including:
- Spot Full Amount average daily notional value (ADNV) record of
$15.3 billion - Cboe SEF (Swap Execution Facility) Non-Deliverable Forwards ADNV of
$1.5 billion
- Spot Full Amount average daily notional value (ADNV) record of
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across
Cboe Media Contacts | Cboe Analyst Contact | ||||
Angela Tu | Tim Cave | Kenneth Hill, CFA | |||
+1-646-856-8734 | +44 (0) 7593-506-719 | +1-312-786-7559 | |||
CBOE-V
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There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/.
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,
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SOURCE Cboe Global Markets, Inc.
FAQ
What was the average daily trading volume for Cboe index options in August 2024?
How did Cboe's futures contracts perform in August 2024 compared to the previous year?
What was the notable achievement for S&P 500 Index (SPX) options trading on August 5th, 2024?
How did Cboe's Global FX trading volume perform in August 2024?
