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.
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.
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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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