Cboe Global Markets Reports a Surge of 14% on Index Options ADV in May 2021

Futures' average daily volume was up 99% over May 2020, as trading in IBIG futures hit an all-time high.

Cboe Global Markets, a leading global market operator and trading solutions provider, published its trading volumes report for May 2021 today. The operator saw a spike in the average daily volume (ADV) on index options, with 2 million contracts traded, which is up 14% from the previous month and up 33% from the same period last year.

According to the official figures, ADV in S&P 500 Index options was 1.32 million contracts, which is up 13% from April 2021. Also, it is up 22% from May 2020. Additionally, ADV in Cboe Volatility Index (VIX) surged by 21% in May 2021, with 613,595 contracts traded, compared to the previous month. In the same period last year, it represented an increase of 74%.

For the futures markets, the average daily volume in VIX futures was 245,727 contracts in May, which is up 32% from last month and is up 86% from May 2020. “ADV in Cboe iBoxx iShares $ Investment Grade Corporate Bond Index (IBIG) futures reached a new high of 1,122 contracts traded, up 46 percent from April 2021, representing more than $3.3 billion in notional value,” the report added.

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Additionally, European equities witnessed a surge in Swiss securities, which rose from 13.4% to 14.5% in May over April 2021. Moreover, Cboe LIS, Cboe Europe’s block trading platform, had a market share of 25.8% during May, which was its highest on record.

Cboe Planning to List Bitcoin Futures

In addition, the report highlighted that Cboe SEF NDF trading saw its highest monthly ADV, as it accounted for a $271 million notional value traded in May, which is up 30% from its prior record set last month and is up 29% from May 2020.

Recently, Finance Magnates reported that the operator has been planning to list Bitcoin futures again amid a surge in demand from retail and institutional clients. Cboe was the first regulated US derivatives exchange to list Bitcoin futures in December 2017.

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