Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today reported January monthly trading volume.
– Options ADV up 48 percent, U.S. Equities – Exchange ADV up 85 percent and Global FX ADNV up 5 percent over January 2020
– Cboe’s four options exchanges combined set a new single-day volume record with 18.5 million contracts traded
– Cboe EDGX Equities Exchange set new monthly total volume record with nearly 23 billion shares traded
| Monthly Trading Volume | |||||
| January | January | % | December | % | |
| 2021 | 2020 | Chg | 2020 | Chg | |
| OPTIONS VOLUME (contracts, thousands) | |||||
| Trading Days | 19 | 21 | 22 | ||
| Total Volume | 257,900 | 192,418 | 34.0% | 234,872 | 9.8% |
| Total ADV | 13,574 | 9,163 | 48.1% | 10,676 | 27.1% |
| FUTURES (contracts, thousands) | |||||
| Trading Days | 19 | 21 | 22 | ||
| Total Volume | 5,169 | 5,787 | -10.7% | 3,365 | 53.6% |
| Total ADV | 272 | 276 | -1.3% | 153 | 77.8% |
| U.S. EQUITIES – EXCHANGE MATCHED VOLUME (shares, millions) | |||||
| Trading Days | 19 | 21 | 22 | ||
| Total Volume | 43,351 | 25,920 | 67.2% | 34,841 | 24.4% |
| Total ADV | 2,282 | 1,234 | 84.8% | 1,584 | 44.1% |
| U.S. EQUITIES – OFF-EXCHANGE MATCHED VOLUME (shares, millions)1 | |||||
| Trading Days | 19 | 21 | 22 | ||
| Total Volume | 2,119 | N/A | N/A | ||
| Total ADV | 112 | N/A | N/A | ||
| CANADIAN EQUITIES MATCHED VOLUME (shares, thousands)2 | |||||
| Trading Days | 20 | N/A | 21 | ||
| Total Volume | 1,272,741 | N/A | 1,054,171 | 20.7% | |
| Total ADV | 63,637 | N/A | 50,199 | 26.8% | |
| EUROPEAN EQUITIES (€ millions) | |||||
| Trading Days | 20 | 22 | 22 | ||
| Total Notional Value | € 133,420 | € 148,825 | -10.4% | € 127,125 | 5.0% |
| Total ADNV | € 6,671 | € 6,765 | -1.4% | € 5,778 | 15.4% |
| EUROCCP (thousands)3 | |||||
| Cleared Trades | 88,241 | N/A | N/A | 83,965 | 5.1% |
| Net Settlements | 740 | N/A | N/A | 744 | -0.6% |
| GLOBAL FX ($ millions)4 | |||||
| Trading Days | 20 | 22 | 22 | ||
| Total Notional Value | $704,130 | $739,020 | -4.7% | $719,116 | -2.1% |
| Total ADNV | 35,207 | 33,592 | 4.8% | 32,687 | 7.7% |
| 1U.S. Equities Off-Exchange data reflects Cboe’s acquisition of BIDS Trading effective on December 31, 2020. |
| 2Canadian Equities data reflects Cboe’s acquisition of MATCHNow effective on August 4, 2020. |
| 3EuroCCP data reflects Cboe’s acquisition of EuroCCP effective on July 1, 2020. |
| 4As of January 2021, Global FX metrics include Spot and SEF products. |
| ADV= average daily volume |
| ADNV= average daily notional value |
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, 2020, in its quarterly earnings news release, which is expected to be issued on Friday, February 5, 2021. The 2020 data sheets available on the website will be updated to include this information.
January 2021 Volume Highlights
Options
- Total combined volume at Cboe Global Markets’ four options exchanges set a new single-day volume record on January 27, with 18.5 million contracts traded.
- ADV in Cboe Volatility Index® options (VIX®) was more than 662,000 contracts, up 34 percent from January 2020, and up 68 percent from December 2020.
- ADV in S&P 500® Index options (SPX) was more than 1.2 million contracts, up 15 percent from December 2020.
- Options on the MSCI® Emerging Markets Index (MXEF) set a new monthly volume record with more than 48,000 contracts traded. MXEF options also set a new monthly ADV record with more than 2,500 contracts traded representing $337 million in average daily notional value.
- Options on the MSCI® EAFE® Index (MXEA) set a new monthly ADV record with more than 920 contracts traded, representing $194 million in average daily notional value.
- ADV on each of Cboe’s four options exchanges increased compared to a year ago: Cboe Options up 28 percent, Cboe BZX up 85 percent, Cboe EDGX up 82 percent and Cboe C2 up 52 percent. ADV across each of the exchanges also rose compared to December 2020.
- Cboe BZX Options Exchange set a new monthly ADV record with 3.9 million contracts traded. The exchange also set a new single-day volume record on January 27, with nearly 6 million contracts traded.
- Cboe EDGX Options Exchange set a new monthly ADV record with 1.5 million contracts traded.
- Cboe C2 Options Exchange set new monthly total volume and ADV record with nearly 27 million contracts and 1.4 million contracts traded. C2 Options also set a new single-day volume record on January 29, with 1.8 million contracts traded.
Futures
- ADV in VIX futures was more than 247,000 contracts, up 77 percent from December 2020.
- ADV in Mini VIX futures (VXM) was up 91 percent from December 2020. Approximately 2.5 million contracts have traded in total since launch on August 9, 2020.
- Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (IBHY) futures set a new monthly ADV record with more than 1,300 contracts traded, representing $200 million in notional value. On January 27, IBHY futures set a new single-day volume record with 6,733 contracts traded, representing $979 million in notional value.
- Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index (IBIG) futures set a new monthly ADV record with more than 430 contracts traded, representing $65 million in notional value. On January 28, IBIG futures set a new single-day volume record with 1,283 contracts traded, representing $191 million in notional value.
North American Equities
- Cboe EDGX Equities Exchange set a new monthly total volume record with nearly 23 billion shares. The exchange also set a new monthly ADV record with 1.2 billion shares traded per day.
- Cboe EDGX Equities Exchange set a new single-day volume record on January 27 with more than 2 billion shares traded.
- Cboe EDGX Equities Exchange market share reached a 52-week high on January 27, capturing more than 8 percent of the market.
- Cboe’s new retail priority offering on Cboe EDGX Equities Exchange hit a new high for monthly ADV of more than 437 million shares traded, up 56 percent over December 2020.
European Equities
- Cboe Europe’s Dutch venue, Cboe NL, reported a record ADNV of €4.9 billion, up from €0.03 billion in December 2020, following a successful transition of activity in EU-listed securities post-Brexit.
- Cboe Europe Periodic Auctions reported ADNV of €1.2 billion, up 31 percent from the €924 million in December 2020.
- Cboe LIS, Cboe Europe’s block trading platform, reported ADNV of €422 million, up 58 percent from the €268 million in December 2020.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading and investment solutions to market participants around the world. The company is committed to defining markets through product innovation, leading edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S., Canadian and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world’s premier gauge of U.S. equity market volatility.
Cboe’s subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe, and owns EuroCCP, a leading pan-European equities clearing house. Cboe also is a leading market globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.
