Cboe Global Markets Reports Trading Volume for November 2022
Cboe Global Markets (CBOE) reported record trading volumes for November 2022 across its global business lines. U.S. options volume reached 313.4 million contracts, marking an all-time high. The Canadian Equities segment set a new monthly record of 28.2 million shares, while Global FX achieved a peak average daily volume of $15 billion. Cboe Europe Equities retained a market share of 24.7%, solidifying its position as Europe's largest stock exchange for the fifth month in a row. These results reflect robust trading activity and a growing market presence.
- U.S. options volume at record high of 313.4 million contracts in November.
- Canadian Equities set new monthly record with 28.2 million shares traded.
- Global FX reached highest average daily volume of $15 billion.
- Cboe Europe Equities held 24.7% market share, maintaining largest exchange status.
- Index options volume decreased by 9.0% compared to October 2022.
- Futures contracts volume fell 22.9% year-over-year.
CHICAGO, Dec. 5, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported November 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 November 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 | |||||||
Nov | Nov | % Chg | Oct 2022 | % | Nov 2022 | Nov 2021 | % | |
Multiply-listed options (contracts, k) | 11,657 | 11,436 | 1.9 % | 11,286 | 3.3 % | 10,799 | 10,102 | 6.9 % |
Index options (contracts, k) | 3,266 | 2,167 | 50.7 % | 3,590 | -9.0 % | 2,813 | 1,941 | 44.9 % |
Futures (contracts, k) | 183 | 237 | -22.9 % | 206 | -11.0 % | 221 | 229 | -3.8 % |
U.S. Equities - On-Exchange (matched shares, mn) | 1,508 | 1,472 | 2.5 % | 1,545 | -2.4 % | 1,639 | 1,638 | 0.0 % |
U.S. Equities - Off-Exchange (matched shares, mn) | 89 | 98 | -9.7 % | 84 | 5.7 % | 92 | 83 | 10.6 % |
Canadian Equities1 (matched shares, k) | 136,248 | 45,042 | 202.5 % | 128,411 | 6.1 % | 86,482 | 50,742 | 70.4 % |
European Equities (€, mn) | 10,689 | 10,054 | 6.3 % | 10,730 | -0.4 % | 11,034 | 7,707 | 43.2 % |
Cboe Clear Europe Cleared Trades2 (k) | 121,563 | 129,969 | -6.5 % | 123,905 | -1.9 % | 1,397,806 | 1,138,398 | 22.8 % |
Cboe Clear Europe Net Settlements2 (k) | 859 | 923 | -7.0 % | 811 | 6.0 % | 9,520 | 9,032 | 5.4 % |
Australian Equities3 (AUD, mn) | 741 | 807 | -8.1 % | 746 | -0.6 % | 794 | N/A | |
Japanese Equities3 (JPY, bn) | 111 | 111 | -0.5 % | 178 | -37.7 % | 151 | N/A | |
Global FX ($, mn) | 42,844 | 35,974 | 19.1 % | 43,671 | -1.9 % | 41,371 | 34,244 | 20.8 % |
1Canadian 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.
November 2022 Trading Volume Highlights
U.S. Options
- For the fourth consecutive month, total U.S. options volume reached an all-time high with 313.4 million contracts traded across all four Cboe U.S. options exchanges.
- Total volume in Mini-S&P 500 Index (XSP) options surpassed 1.3 million contracts in November, with average daily volume (ADV) of 66,000 contracts, the highest month since February 2020.
Canadian Equities
- Cboe BIDS Canada set a new monthly volume record of 28.2 million shares, representing an ADV of 1.3 million shares, and surpassing the previous record of 23.2 million shares in June 2022.
Global FX
- Spot Full Amount ADV reached a new all-time monthly high of
$15 billion .
European Equities and Derivatives
- Cboe Europe Equities had an overall market share of 24.7 percent in November, making it Europe's largest stock exchange for the fifth successive month.
- Cboe BIDS Europe, Cboe's European block trading platform, had a 34 percent share of the LIS (large-in-scale) market, making it the largest platform of its type for the eighth successive month (Source: big xyt).
- Cboe Europe Derivatives traded 2,688 contracts, a record monthly figure and beating the previous high of 2,464 contracts in March 2022.
- Cboe Clear Europe, Cboe's pan-European clearing house, cleared a record 7.0 million trades on Euronext's stock exchanges in Amsterdam, Brussels, Paris and Lisbon under the preferred clearing model, beating the previous high of 6.5 million trades cleared in September 2022.
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
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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.
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SOURCE Cboe Global Markets, Inc.
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