The quarterly Global FX ADV rose 7.2% compared to Q1 2022.
Also, Cboe achieved record metrics in options, equities and derivatives markets.
Cboe Global
Markets, Inc. (BATS:CBOE),
a major global market infrastructure and tradable products provider, has
announced its March monthly trading volume statistics across various business
lines. Cboe FX was able to set new volume records in the first quarter of 2023,
including spot FX average daily volume (ADV) of $43.9 billion.
Cboe Reports Higher Statistics
in March 2023
Cboe's four
options exchanges achieved a new monthly high of 337.2 million contracts in
March and set a new daily high of 22.5 million contracts on 10 March 2023.
S&P 500 Index options experienced multiple new volume records for the month
and quarter, including a new quarterly ADV record of 2.8 million contracts and a
new monthly total volume record of 66.1 million contracts. Nanos options
reached their highest monthly ADV, with 4,100 contracts traded per day in
March.
In the
meantime, the Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts
in the last month, surpassing the previous record of 3,824 contracts in January
2023. Cboe Clear Europe, the company's pan-European clearing house, cleared a
record eight million trades on Euronext's stock exchanges in Amsterdam,
Brussels, Paris, Lisbon, and Milan under the preferred clearing model.
Average Daily Trading Volume (ADV) by Month. Source: Cboe
Cboe FX Sets Multiple
Volume Records
Cboe FX, Cboe's
institutional venue for spot foreign exchange trading, achieved multiple volume
records for the previous quarter, including spot FX quarterly ADV of $43.9
billion, spot full amount quarterly ADV of $13.9 billion, and Non-Deliverable
Forwards (NDF) quarterly ADV of $1.1 billion.
The performance
turned out to be better on a monthly basis and on a quarterly basis. Compared
to March 2022, ADV for FX grew by 9.1%, and compared to last month by 15.3%.
Looking at the quarter as a whole, Q1 2023 was 7.2% better than Q1 2022.
A week ago,
Cboe FX reported that it ended the month with $1.1 trillion in total forex
trading volume, the platform's second-best monthly figure. The March figure
trails only Cboe's previously reported all-time high of $1.2 trillion in March
2020, when market activities surged due to COVID-induced volatility. This
latest figure marks the fourth time in Cboe FX's operational history that the total
market volume has exceeded the $1 trillion milestone.
Cboe Sees Uptick in FX
Revenue
According
to Cboe's latest financial metrics, the global FX brought in $16.9 million of $457.1 million in net revenue in the fourth quarter of 2022. The
figure for the entire year came in at $1.7 billion, which is an increase of 18%.
Furthermore,
Cboe FX's market share rose to 18.4% in the final quarter of 2022, which is up
from 16.8% during the same period in the previous year. The company
attributes this growth to the ongoing adoption of its wide range of FX order
types and trading protocols.
Two weeks
ago, Cboe Australia confirmed that operations under Cboe BIDS Australia (BIDS)
would go live on 27 March 2023 after meeting final regulatory requirements as well as other
conditions. In the meantime, the company has launched a Cboe One Options Feed,
a single market data feed, providing a comprehensive and real-time view of
options pricing.
Cboe Global
Markets, Inc. (BATS:CBOE),
a major global market infrastructure and tradable products provider, has
announced its March monthly trading volume statistics across various business
lines. Cboe FX was able to set new volume records in the first quarter of 2023,
including spot FX average daily volume (ADV) of $43.9 billion.
Cboe Reports Higher Statistics
in March 2023
Cboe's four
options exchanges achieved a new monthly high of 337.2 million contracts in
March and set a new daily high of 22.5 million contracts on 10 March 2023.
S&P 500 Index options experienced multiple new volume records for the month
and quarter, including a new quarterly ADV record of 2.8 million contracts and a
new monthly total volume record of 66.1 million contracts. Nanos options
reached their highest monthly ADV, with 4,100 contracts traded per day in
March.
In the
meantime, the Cboe European Derivatives Exchange (CEDX) traded 6,574 contracts
in the last month, surpassing the previous record of 3,824 contracts in January
2023. Cboe Clear Europe, the company's pan-European clearing house, cleared a
record eight million trades on Euronext's stock exchanges in Amsterdam,
Brussels, Paris, Lisbon, and Milan under the preferred clearing model.
Average Daily Trading Volume (ADV) by Month. Source: Cboe
Cboe FX Sets Multiple
Volume Records
Cboe FX, Cboe's
institutional venue for spot foreign exchange trading, achieved multiple volume
records for the previous quarter, including spot FX quarterly ADV of $43.9
billion, spot full amount quarterly ADV of $13.9 billion, and Non-Deliverable
Forwards (NDF) quarterly ADV of $1.1 billion.
The performance
turned out to be better on a monthly basis and on a quarterly basis. Compared
to March 2022, ADV for FX grew by 9.1%, and compared to last month by 15.3%.
Looking at the quarter as a whole, Q1 2023 was 7.2% better than Q1 2022.
A week ago,
Cboe FX reported that it ended the month with $1.1 trillion in total forex
trading volume, the platform's second-best monthly figure. The March figure
trails only Cboe's previously reported all-time high of $1.2 trillion in March
2020, when market activities surged due to COVID-induced volatility. This
latest figure marks the fourth time in Cboe FX's operational history that the total
market volume has exceeded the $1 trillion milestone.
Cboe Sees Uptick in FX
Revenue
According
to Cboe's latest financial metrics, the global FX brought in $16.9 million of $457.1 million in net revenue in the fourth quarter of 2022. The
figure for the entire year came in at $1.7 billion, which is an increase of 18%.
Furthermore,
Cboe FX's market share rose to 18.4% in the final quarter of 2022, which is up
from 16.8% during the same period in the previous year. The company
attributes this growth to the ongoing adoption of its wide range of FX order
types and trading protocols.
Two weeks
ago, Cboe Australia confirmed that operations under Cboe BIDS Australia (BIDS)
would go live on 27 March 2023 after meeting final regulatory requirements as well as other
conditions. In the meantime, the company has launched a Cboe One Options Feed,
a single market data feed, providing a comprehensive and real-time view of
options pricing.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
TNS Buyout of BT Radianz Creates One of the Largest Trading Networks Globally
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
