Cboe Global Markets Reports Trading Volume for October 2022
Cboe Global Markets (CBOE) reported record trading volumes for October 2022, with total U.S. options volume reaching 312.4 million contracts, the highest ever. Notably, S&P 500 Index options also hit records, achieving a monthly total of 60.8 million contracts. Cboe Europe Equities secured a market share of 26.5%, marking its highest position in Europe for the fourth consecutive month. Additionally, Canadian equities saw a significant increase of 189.9% year-over-year. These results indicate strong growth in various trading segments, enhancing Cboe's market resilience.
- U.S. options volume reached an all-time high of 312.4 million contracts.
- S&P 500 Index options volume set a record of 60.8 million contracts in October.
- Cboe Europe Equities achieved a market share of 26.5%, the largest in Europe for four consecutive months.
- Canadian equities experienced a year-over-year increase of 189.9%.
- Futures trading volumes declined by 2.1% compared to the previous month.
- Global FX volumes decreased by 6.9% compared to the previous month.
CHICAGO, Nov. 3, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported October 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 October 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 | |||||||
Oct | Oct | % Chg | Sep 2022 | % | Oct 2022 | Oct 2021 | % | |
Multiply-listed options (contracts, k) | 11,286 | 10,289 | 9.7 % | 11,277 | 0.1 % | 10,713 | 9,968 | 7.5 % |
Index options (contracts, k) | 3,590 | 2,047 | 75.4 % | 3,453 | 4.0 % | 2,768 | 1,918 | 44.3 % |
Futures (contracts, k) | 206 | 210 | -2.1 % | 237 | -13.2 % | 224 | 229 | -1.8 % |
U.S. Equities - On-Exchange (matched shares, mn) | 1,545 | 1,395 | 10.7 % | 1,511 | 2.2 % | 1,652 | 1,655 | -0.2 % |
U.S. Equities - Off-Exchange (matched shares, mn) | 84 | 76 | 10.2 % | 79 | 7.0 % | 93 | 82 | 13.1 % |
Canadian Equities1 (matched shares, k) | 128,411 | 44,292 | 189.9 % | 113,199 | 13.4 % | 81,218 | 51,345 | 58.2 % |
European Equities (€, mn) | 10,730 | 8,574 | 25.1 % | 10,629 | 1.0 % | 11,070 | 7,465 | 48.3 % |
EuroCCP Cleared Trades2 (k) | 123,905 | 109,318 | 13.3 % | 124,220 | -0.3 % | 1,276,243 | 1,008,429 | 26.6 % |
EuroCCP Net Settlements2 (k) | 811 | 834 | -2.8 % | 859 | -5.6 % | 8,661 | 8,109 | 6.8 % |
Australian Equities3 (AUD, mn) | 746 | 821 | -9.1 % | 760 | -1.8 % | 800 | N/A | |
Japanese Equities3 (JPY, bn) | 178 | 109 | 63.8 % | 155 | 15.0 % | 155 | N/A | |
Global FX ($, mn) | 43,671 | 35,092 | 24.4 % | 46,909 | -6.9 % | 41,221 | 34,067 | 21.0 % |
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 EuroCCP 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. |
October 2022 Trading Volume Highlights
U.S. Options
- For the third consecutive month, total U.S. options volume reached an all-time high with 312.4 million contracts traded across all four Cboe options exchanges.
- Trading in S&P 500 Index (SPX) options reached an all-time high for the third successive month, setting multiple records, including:
- A new monthly record of 60.8 million total contracts traded in October, up three percent from the previous record in September.
- Average Daily Volume (ADV) in October also reached a new all-time high of 2.9 million contracts.
- A new single-day volume record of 3.9 million contracts traded on October 13, surpassing the previous high of 3.8 million on September 23.
- A record 137,000 contracts changed hands during Global Trading Hours on October 13, an all-time high for the overnight trading session (8:15 p.m. ET - 9:15 a.m. ET).
- Trading in SPX options with zero days to expiration set a new monthly ADV record of 1.3 million contracts, up two percent from the previous record in September.
- Total volume in Mini S&P 500 Index (XSP) options surpassed 1.3 million in October, with ADV of 62,000 contracts, the highest month since March 2020.
European Equities
- Cboe Europe Equities had an overall market share of 26.5 percent in October, an all-time high and making it Europe's largest stock exchange for the fourth 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 seventh successive month (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 | ||
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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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