Cboe Global Markets Reports Trading Volume for January 2025
Cboe Global Markets (CBOE) has reported significant trading volume growth across most business segments in January 2025. Multiply-listed options saw a 24.5% increase year-over-year to 13,151k contracts ADV, while index options rose 10.1% to 4,535k contracts ADV. The S&P 500 Index (SPX) options achieved their second-best month ever with 3.46 million contracts ADV.
Notable increases were observed in European Equities (20.9% YoY), Japanese Equities (19.7% YoY), and Global FX (12.3% YoY). The company set new records in short-dated options and global trading hours, including a single-day record of 2.42 million 0DTE SPX contracts on January 31 and 253,000 SPX contracts during global trading hours on January 27.
However, some segments showed declines, with Futures dropping 4.0% and Australian Equities declining 3.5% compared to January 2024.
Cboe Global Markets (CBOE) ha riportato una significativa crescita del volume di trading in quasi tutti i segmenti di business a gennaio 2025. Le opzioni multiple hanno registrato un aumento del 24,5% rispetto all'anno precedente, raggiungendo 13.151k contratti ADV, mentre le opzioni sugli indici sono cresciute del 10,1% a 4.535k contratti ADV. Le opzioni sull'indice S&P 500 (SPX) hanno raggiunto il loro secondo mese migliore di sempre con 3,46 milioni di contratti ADV.
Aumenti notevoli sono stati osservati nelle Azioni europee (20,9% YoY), nelle Azioni giapponesi (19,7% YoY) e nel FX globale (12,3% YoY). L'azienda ha stabilito nuovi record per le opzioni a breve termine e per le ore di trading globali, incluso un record giornaliero di 2,42 milioni di contratti 0DTE SPX il 31 gennaio e 253.000 contratti SPX durante le ore di trading globali il 27 gennaio.
Tuttavia, alcuni segmenti hanno mostrato cali, con i Futures in diminuzione del 4,0% e le Azioni australiane in calo del 3,5% rispetto a gennaio 2024.
Cboe Global Markets (CBOE) ha reportado un crecimiento significativo en el volumen de trading en la mayoría de los segmentos de negocio en enero de 2025. Las opciones listadas múltiples vieron un aumento del 24.5% año tras año, alcanzando 13,151k contratos ADV, mientras que las opciones de índice crecieron un 10.1% hasta 4,535k contratos ADV. Las opciones del índice S&P 500 (SPX) lograron su segundo mejor mes de la historia con 3.46 millones de contratos ADV.
Se observaron aumentos notables en las Acciones europeas (20.9% YoY), Acciones japonesas (19.7% YoY), y en el FX global (12.3% YoY). La empresa estableció nuevos récords en opciones de corto plazo y horas de trading global, incluyendo un récord diario de 2.42 millones de contratos 0DTE SPX el 31 de enero y 253,000 contratos SPX durante las horas de trading global el 27 de enero.
Sin embargo, algunos segmentos mostraron descensos, con los Futuros cayendo un 4.0% y las Acciones australianas disminuyendo un 3.5% en comparación con enero de 2024.
Cboe Global Markets (CBOE)는 2025년 1월 대부분의 사업 부문에서 거래량이 크게 증가했다고 보고했습니다. 다중 상장 옵션은 전년 대비 24.5% 증가하여 13,151k 계약 ADV에 도달했으며, 지수 옵션은 10.1% 증가하여 4,535k 계약 ADV에 도달했습니다. S&P 500 지수(SPX) 옵션은 346만 계약 ADV로 역대 두 번째로 좋은 달을 기록했습니다.
특히 유럽 주식 (20.9% YoY), 일본 주식 (19.7% YoY) 및 글로벌 FX (12.3% YoY)에서 눈에 띄는 증가가 있었습니다. 회사는 단기 옵션 및 글로벌 거래 시간에 대한 새로운 기록을 세웠으며, 1월 31일에는 242만 개의 0DTE SPX 계약과 1월 27일에는 글로벌 거래 시간 동안 253,000개의 SPX 계약으로 단일 일일 기록을 세웠습니다.
그러나 일부 부문은 감소세를 보였으며, 선물은 4.0% 감소하고 호주 주식은 2024년 1월 대비 3.5% 감소했습니다.
Cboe Global Markets (CBOE) a rapporté une croissance significative du volume de trading dans presque tous les segments d'activité en janvier 2025. Les options multiventes ont connu une augmentation de 24,5% par rapport à l'année précédente, atteignant 13.151k contrats ADV, tandis que les options indices ont augmenté de 10,1% à 4.535k contrats ADV. Les options de l'indice S&P 500 (SPX) ont enregistré leur deuxième meilleur mois jamais réalisé, avec 3,46 millions de contrats ADV.
Des augmentations notables ont été observées dans les actions européennes (20,9% YoY), les actions japonaises (19,7% YoY) et le FX mondial (12,3% YoY). L'entreprise a établi de nouveaux records dans les options à court terme et les heures de trading globales, y compris un record d'une journée de 2,42 millions de contrats 0DTE SPX le 31 janvier et 253 000 contrats SPX pendant les heures de trading mondiales le 27 janvier.
Cependant, certains segments ont montré des baisses, les contrats à terme ayant chuté de 4,0% et les actions australiennes ayant diminué de 3,5% par rapport à janvier 2024.
Cboe Global Markets (CBOE) hat im Januar 2025 ein signifikantes Wachstum des Handelsvolumens in den meisten Geschäftsfeldern gemeldet. Die mehrfach gelisteten Optionen verzeichneten im Jahresvergleich einen Anstieg von 24,5% auf 13.151k Verträge ADV, während die Indexoptionen um 10,1% auf 4.535k Verträge ADV stiegen. Die S&P 500 Index (SPX) Optionen erreichten mit 3,46 Millionen Verträgen ADV ihren zweithöchsten Monat aller Zeiten.
Bemerkenswerte Zuwächse wurden bei europäischen Aktien (20,9% YoY), japanischen Aktien (19,7% YoY) und globalen FX (12,3% YoY) beobachtet. Das Unternehmen stellte neue Rekorde bei kurzfristigen Optionen und globalen Handelszeiten auf, einschließlich eines einmaligen Rekords von 2,42 Millionen 0DTE SPX Verträgen am 31. Januar und 253.000 SPX Verträgen während der globalen Handelszeiten am 27. Januar.
Allerdings zeigten einige Segmente Rückgänge, wobei die Futures um 4,0% und die australischen Aktien um 3,5% im Vergleich zu Januar 2024 sanken.
- Multiply-listed options ADV increased 24.5% YoY to 13,151k contracts
- Index options ADV grew 10.1% YoY to 4,535k contracts
- SPX options achieved second-best month ever with 3.46M contracts ADV
- European Equities trading volume up 20.9% YoY
- Japanese Equities trading volume increased 19.7% YoY
- Global FX trading volume rose 12.3% YoY to $50,312M
- Futures trading volume decreased 4.0% YoY
- Australian Equities trading volume declined 3.5% YoY
Insights
The January 2025 trading statistics reveal CBOE's exceptional performance and evolving market dynamics that signal important shifts in trading behavior. The 24.5% surge in multiply-listed options and 10.1% growth in index options reflect heightened market volatility and increased hedging activity.
Particularly noteworthy is the record-breaking 0DTE SPX options volume of 2.42 million contracts on January 31. This exponential growth in zero-day options trading represents a fundamental shift in market microstructure, potentially leading to increased intraday volatility and new challenges in risk management. The surge in global trading hours activity, with 253,000 SPX contracts traded during off-hours, underscores CBOE's successful expansion into 24-hour trading and growing international participation.
The robust growth in European equities (20.9%) and Japanese equities (19.7%) trading volumes highlights CBOE's successful geographic diversification strategy. However, the 3.5% decline in Australian equities and 4.0% decrease in futures contracts warrant attention, though these segments represent a smaller portion of overall volume.
The 24.3% increase in Cboe Clear Europe cleared trades signals growing clearing business momentum, which should translate into stable, recurring revenue streams. The strong performance across multiple asset classes and geographies demonstrates CBOE's strengthening position as a global multi-asset exchange operator, with potential for sustained revenue growth through increased transaction fees and market data services.
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.
Average Daily Trading Volume (ADV) by Month | Year-To-Date | |||||||
Jan 2025 | Jan 2024 | % Chg | Dec | % | Jan 2025 | Jan | % | |
Multiply-listed options (contracts, k) | 13,151 | 10,559 | 24.5 % | 11,864 | 10.8 % | 13,151 | 10,559 | 24.5 % |
Index options (contracts, k) | 4,535 | 4,118 | 10.1 % | 4,014 | 13.0 % | 4,535 | 4,118 | 10.1 % |
Futures (contracts, k) | 220 | 229 | -4.0 % | 213 | 3.2 % | 220 | 229 | -4.0 % |
1,637 | 1,537 | 6.5 % | 1,515 | 8.1 % | 1,637 | 1,537 | 6.5 % | |
83 | 74 | 12.3 % | 70 | 19.3 % | 83 | 74 | 12.3 % | |
Canadian Equities (matched shares, k) | 159,211 | 136,143 | 16.9 % | 154,344 | 3.2 % | 159,211 | 136,143 | 16.9 % |
European Equities (€, mn) | 11,423 | 9,450 | 20.9 % | 9,291 | 22.9 % | 11,423 | 9,450 | 20.9 % |
Cboe Clear Europe Cleared Trades (k) | 122,939 | 98,903 | 24.3 % | 96,747 | 27.1 % | 122,939 | 98,903 | 24.3 % |
Cboe Clear Europe Net Settlements (k) | 1,050 | 871 | 20.5 % | 926 | 13.4 % | 1,050 | 871 | 20.5 % |
Australian Equities (AUD, mn) | 651 | 674 | -3.5 % | 772 | -15.7 % | 651 | 674 | -3.5 % |
Japanese Equities (JPY, bn) | 326 | 272 | 19.7 % | 250 | 30.5 % | 326 | 272 | 19.7 % |
Global FX ($, mn) | 50,312 | 44,815 | 12.3 % | 43,122 | 16.7 % | 50,312 | 44,815 | 12.3 % |
January 2025 Trading Volume Highlights
- S&P 500 Index (SPX) options traded an ADV of 3.46 million contracts, its second-best month on record.
- SPX options set individual trading records related to short-dated options and global trading hours activity, including:
- On January 31, 2.42 million zero days to expiry (0DTE) SPX contracts traded, the most 0DTE contracts traded in a single day.
- On January 27, 253 thousand SPX contracts traded during Cboe's global trading hours (7:15 PM to 8:25 AM CT), a new record for the trading session.
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
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SOURCE Cboe Global Markets, Inc.
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