Cboe Global Markets Reports Trading Volume for February 2023

Rhea-AI Summary

Cboe Global Markets (CBOE) reported its trading volume for February 2023, highlighting a significant increase in various segments. The total number of multiply-listed options contracts increased by 3.8% year-over-year, reaching 11.22 million contracts. The company achieved a record single-day trading volume of 22.1 million contracts on February 2, surpassing its previous record from September 2022. Cboe's market share in European equities stood at 24.8%, solidifying its position as Europe's largest stock exchange. However, there were declines in futures trading volumes and U.S. equities volumes, decreasing by 16.0% and 18.8% respectively.

Positive

• Total multiply-listed options contracts rose by 3.8% year-over-year to 11,219 contracts.
• Record single-day trading volume of 22.1 million contracts on February 2, 2023.
• Cboe's market share in European equities reached 24.8%, maintaining its status as the largest stock exchange in Europe.
• Cboe Europe achieved a record high of 36.3% market share in the large-in-scale market.

Negative

• Futures trading volume decreased by 16.0% compared to the previous year.
• U.S. equities trading volume declined by 18.8%, indicating reduced trading activity.

CHICAGO, March 3, 2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported February 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 February 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
	Feb 2023	Feb 2022	% Chg	Jan 2023	%    Chg	Feb 2023	Feb 2022	%    Chg
Multiply-listed options (contracts, k)	11,219	10,805	3.8 %	11,219	0.0 %	11,219	11,199	0.2 %
Index options (contracts, k)	3,502	2,403	45.8 %	3,371	3.9 %	3,435	2,480	38.5 %
Futures (contracts, k)	227	270	-16.0 %	194	17.0 %	210	287	-26.8 %
U.S. Equities - On-Exchange (matched shares, mn)	1,427	1,758	-18.8 %	1,425	0.1 %	1,426	1,777	-19.7 %
U.S. Equities - Off-Exchange (matched shares, mn)	87	105	-16.7 %	92	-4.7 %	90	106	-15.8 %
Canadian Equities1 (matched shares, k)	157,861	37,792	317.7 %	149,307	5.7 %	153,370	40,284	280.7 %
European Equities (€, mn)	11,531	12,672	-9.0 %	10,290	12.1 %	10,881	12,193	-10.8 %
Cboe Clear Europe Cleared Trades2 (k)	112,446	140,562	-20.0 %	112,593	-0.1 %	225,040	272,889	-17.5 %
Cboe Clear Europe Net Settlements2 (k)	827	874	-5.4 %	865	-4.4 %	1,692	1,763	-4.0 %
Australian Equities3 (AUD, mn)	785	893	-12.1 %	667	17.7 %	726	868	-16.4 %
Japanese Equities3 (JPY, bn)	194	162	19.7 %	166	17.2 %	180	160	12.4 %
Global FX ($, mn)	42,991	42,926	0.2 %	42,037	2.3 %	42,491	40,055	6.1 %

1 Canadian Equities data include MATCHNow and NEO from June 2022 onwards. Before June 2022 it included MATCHNow only. "Net capture per 10,000 touched shares" refers to transaction fees divided by the product of one-ten thousandth ADV of shares for NEO and MATCHNow and the number of trading days for the period.

2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date.

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

February 2023 Trading Volume Highlights

U.S. Options

• A total of 22.1 million contracts were traded across Cboe's four options exchanges on February 2, 2023, setting a new single-day volume record, and surpassing the previous daily record of 21.1 million on September 23, 2022.
• Total volume in Cboe Volatility Index® (VIX®) options was 13.3 million contracts, with an ADV of 698,000 contracts, the highest monthly volume since March 2022.

European Equities and Derivatives

• Cboe Europe Equities had an overall market share of 24.8 percent in February, making it Europe's largest stock exchange.
• Cboe BIDS Europe, Cboe's European block trading platform, had a 36.3 percent share of the LIS (large-in-scale) market, a record high and making it the largest platform of its type for the eleventh successive month (Source: big xyt).

Global FX

• CboeSEF (Swap Execution Facility) set a new monthly ADV record of $1.03 billion.

Japanese Equities

• Cboe Japan's lit market share reached a record high of 5.2 percent in February.

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, FX and digital assets, 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 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.

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. 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 the trading volumes reported by Cboe for February 2023?

Cboe reported 11.22 million multiply-listed options contracts traded, a 3.8% increase from last year.

What is Cboe's market share in European equities as of February 2023?

Cboe held a 24.8% market share in European equities, making it the largest stock exchange in Europe.

How much did Cboe's U.S. equities trading volume decrease in February 2023?

Cboe's U.S. equities trading volume decreased by 18.8% year-over-year.

What was the record single-day trading volume achieved by Cboe in February 2023?

Cboe set a record single-day trading volume of 22.1 million contracts on February 2, 2023.

What was the change in Cboe's futures trading volume in February 2023?

Futures trading volume at Cboe decreased by 16.0% compared to the previous year.