Cboe Global Markets Reports Trading Volume for May 2022

Rhea-AI Summary

Cboe Global Markets (CBOE) reported significant trading volume increases in May 2022, particularly in options. The S&P 500 Index options recorded a record high of 45.5 million contracts traded, surpassing the previous record. Average Daily Volume (ADV) in SPX options reached a record of 2.2 million contracts, with notable growth in VIX options as well. Cboe Europe achieved a market share of 23.2%, its highest since August 2018. However, Canadian equities saw a decline of 22.9% compared to the previous year.

Positive

• S&P 500 Index options reached a record 45.5 million contracts in May.
• Average Daily Volume in SPX options was a record 2.2 million contracts.
• ADV in VIX options increased by 33% compared to April.
• Cboe Europe maintained a market share of 23.2%, highest since August 2018.

Negative

• Canadian equities matched shares decreased by 22.9% year-over-year.

CHICAGO, June 3, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported May 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 May 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
	May 2022	May 2021	% Chg	Apr 2022	% Chg	May 2022	May 2021	% Chg
Multiply-listed options (contracts, k)	10,691	9,004	18.7%	10,178	5.0%	10,764	9,955	8.1%
Index options (contracts, k)	2,853	1,999	42.7%	2,317	23.1%	2,485	1,889	31.5%
Futures (contracts, k)	248	266	-7.0%	217	14.4%	245	246	-0.4%
U.S. Equities - On-Exchange (matched shares, mn)	1,851	1,558	18.8%	1,629	13.7%	1,802	1,923	-6.3%
U.S. Equities - Off-Exchange (matched shares, mn)	104	81	27.8%	91	14.6%	104	90	15.7%
Canadian Equities (matched shares, k)	38,013	49,301	-22.9%	36,332	4.6%	39,565	63,030	-37.2%
European Equities (€, mn)	11,187	7,216	55.0%	11,279	-0.8%	12,206	7,488	63.0%
EuroCCP Cleared Trades (k)	128,981	102,684	25.6%	111,014	16.2%	694,432	497,816	39.5%
EuroCCP Net Settlements (k)	892	772	15.5%	771	15.7%	4,464	3,967	12.5%
Australian Equities1 (AUD, mn)	836	N/A	N/A	822	1.7%	860	N/A	N/A
Japanese Equities1 (JPY, bn)	111	N/A	N/A	148	-25.1%	149	N/A	N/A
Global FX ADNV ($, mn)	40,457	32,801	23.3%	37,656	7.4%	40,820	34,966	16.7%

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

ADV= Average Daily Volume

ADNV= Average Daily Notional Value

NM=Not Meaningful

May 2022 Trading Volume Highlights

U.S. Options

• S&P 500 Index (SPX) option volume saw a record month with a total 45.5 million contracts traded in May, ahead of the previous record of 43.4 million contracts in March 2020. ADV in May was also a record with 2.2 million contracts.
• ADV in SPX options during global trading hours reached a new high of 34,000 contracts in May, up from 24,000 contracts in April.
• ADV in Cboe Volatility Index (VIX) options was approximately 600,000 contracts in May, an increase of 33 percent from April.
• Nanos options saw some of its busiest trading days in May, setting a new single-day volume record on May 27 with 3,999 contracts traded. Total volume has surpassed 62,000 contracts since Nanos launched on March 14, 2022.
• Over 2 million SPX Weeklys Thursday options traded and nearly 4 million SPX Weeklys Tuesday options traded in May.

European Equities and Derivatives

• Cboe Europe Equities had an overall market share of 23.2 percent in May, the highest month since August 2018.
• Cboe BIDS Europe, Cboe's European block trading platform, had a 34 percent share of the LIS (large-in-scale) market in May, making it the largest platform of its type in Europe (Source: big xyt).

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 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. 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 CBOE's trading volume statistics for May 2022?

CBOE reported record trading volume in May 2022, especially in S&P 500 options with 45.5 million contracts.

How did CBOE's European market share perform in May 2022?

CBOE Europe achieved a market share of 23.2% in May 2022, the highest since August 2018.

What was the Average Daily Volume for SPX options in May 2022?

The Average Daily Volume for SPX options was a record 2.2 million contracts in May 2022.

Did CBOE experience any decline in trading volume in May 2022?

Yes, Canadian equities saw a decline of 22.9% compared to the previous year.

What was the performance of VIX options in May 2022?

CBOE's Average Daily Volume for VIX options increased by 33% from April 2022.