Cboe Global Markets Reports Trading Volume for January 2022

Rhea-AI Summary

Cboe Global Markets (CBOE) reported significant trading volume statistics for January 2022, showcasing strong performance across its options and futures segments. Total options volume reached 282.5 million contracts, making it the second-highest monthly volume recorded. Notably, the S&P 500 Index options had a monthly volume of 36.5 million contracts, the highest since March 2020. Additionally, futures volume reached 6.1 million contracts. Cboe's market share for U.S. equities increased to 14.5%, while European equities achieved a market share of 22%, the highest since February 2019.

Positive

• Total options volume of 282.5 million contracts in January, second-highest on record.
• S&P 500 Index options volume at 36.5 million, highest since March 2020.
• Futures volume peaked at 6.1 million contracts, highest since March 2020.
• Increased U.S. equities market share to 14.5%, up from 13.3% in December.
• European equities market share reached 22%, highest since February 2019.

Negative

• U.S. equities on-exchange matched shares declined by 21.4% year-over-year.
• Canadian equities matched shares dropped by 33.0% year-over-year.
• Off-exchange matched shares for U.S. equities fell by 5.9%.

CHICAGO, Feb. 3, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported January 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 January 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
	Jan 2022	Jan 2021	% Chg	Dec 2021	% Chg	Jan 2022	Jan 2021	% Chg
Multiply-listed options (contracts, k)	11,573	11,585	-0.1%	9,888	17.1%	11,573	11,585	-0.1%
Index options (contracts, k)	2,553	1,989	28.3%	2,282	11.9%	2,553	1,989	28.3%
Futures (contracts, k)	303	272	11.5%	240	26.2%	303	272	11.5%
U.S. Equities - On-Exchange (matched shares, mn)	1,794	2,282	-21.4%	1,441	24.5%	1,794	2,282	-21.4%
U.S. Equities - Off-Exchange (matched shares, mn)	105	112	-5.9%	78	34.0%	105	112	-5.9%
Canadian Equities (matched shares, k)	42,651	63,637	-33.0%	34,588	23.3%	42,651	63,637	-33.0%
European Equities (€, mn)	11,737	6,671	75.9%	7,602	54.4%	11,737	6,671	75.9%
EuroCCP Cleared Trades (k)	132,328	88,241	50.0%	105,787	25.1%	132,328	88,241	NM
EuroCCP Net Settlements (k)	889	740	20.1%	908	-2.1%	889	740	NM
Australian Equities1 (AUD, mn)	844	N/A		656	28.7%	844	N/A
Japanese Equities1 (JPY, bn)	158	N/A		114	38.3%	158	N/A
Global FX ADNV ($, mn)	37,320	35,207	6.0%	30,268	23.3%	37,320	35,207	6.0%

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

January 2022 Trading Volume Highlights

Options

• Total options volume on Cboe's four options exchanges combined was 282.5 million contracts in January, the second-highest monthly volume on record. ADV for the month was 14.1 million contracts.
• Total combined volume at Cboe's four options exchanges set a new single-day volume record on January 21, with 21.0 million contracts traded.
• Total volume in S&P 500 Index (SPX) options was 36.5 million contracts in January, the highest monthly volume since March 2020. SPX options ADV for the month was 1.8 million contracts.

Futures

• For futures, January 2022 was the highest-volume month since March 2020, and included:
• Total futures volume reaching 6.1 million contracts, with an ADV of 303,000 contracts.
• Cboe Volatility Index® (VIX) futures total volume of 5.7 million contracts in January, with an ADV of 285,000 contracts.

North American Equities

• Total market share for Cboe's four U.S. equities exchanges increased to 14.5 percent in January, up from 13.3 percent in December 2021.
• Cboe's four U.S. equities exchanges accounted for approximately 17.5 percent of total U.S. ETP trading volume during January, up from 16.5 percent in December 2021.

EU Derivatives

• Cboe Europe Derivatives traded 1,980 contracts in January, a record monthly figure, exceeding the number in all of 2021 (since launch on September 6, 2021).

EU Equities

• Cboe Europe Equities had an overall market share of 22 percent during January, its highest level since February 2019.
• Cboe LIS, Cboe Europe's block trading platform, reported record average daily notional value (ADNV) traded of €608 million, beating the previous record of €572 million ADNV traded in March 2020.
• Cboe Periodic Auctions reported record ADNV traded of €1.9 billion in January, beating the previous record of €1.7 billion ADNV traded in March 2020.

Cboe Global Markets Average Revenue Per Contract/Net Revenue Capture Updated This Week
The company plans to report its average revenue per contract and net revenue capture data for the three months ended December 31, 2021, in its quarterly earnings news release, which is expected to be issued on Friday, February 4, 2022. The 2021 data sheets available on the website will be updated to include this information.

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.

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 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.

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SOURCE Cboe Global Markets

FAQ

What was Cboe's total options volume in January 2022?

Cboe's total options volume in January 2022 was 282.5 million contracts.

How did S&P 500 Index options perform in January 2022?

S&P 500 Index options reached a volume of 36.5 million contracts in January 2022, the highest since March 2020.

What was the futures volume for Cboe in January 2022?

Cboe reported a futures volume of 6.1 million contracts in January 2022.

What was Cboe's market share for U.S. equities in January 2022?

Cboe's market share for U.S. equities increased to 14.5% in January 2022.

What was the European equities market share for Cboe in January 2022?

Cboe achieved a European equities market share of 22% in January 2022, the highest since February 2019.