Cboe Finishes 2019 on a High, Spot FX Volumes Climb in December

However, Q4 produced the weakest quarterly performance during the year.

With 2019 now behind us, exchanges, brokers, and trading providers are now publishing their monthly trading volumes for the last month of the year. And despite weak volumes in the third quarter, Cboe has reported an uptick in spot foreign exchange (forex) trading, ending the year nicely for the company.

November was a particularly rough month for trading providers across the globe. As Finance Magnates reported, Cboe, alongside other companies, reported a sizeable drop in FX trading. In particular, Cboe posted a trading volume of $598.3 billion in November.

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Despite December usually being a quiet month due to the holiday period, the largest options exchange in the United States recorded a total trading volume of $628.1 billion during the month. This represents an uptick of around five percent when measured against the previous month.

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On a yearly comparison, however, 2019’s holiday season didn’t deliver the perfect Christmas present. That’s because trading volumes were actually lower on a year-on-year comparison by 6.4 percent.

Q4 sees worst quarterly volume in 2019

According to the data, for the final quarter of 2019, the exchange achieved a total trading volume of $1.95 trillion, with an average daily volume of $30.1 billion. The fourth quarter’s spot FX trading volume was the weakest quarterly performance in 2019.

The strongest quarterly performance was achieved in the first quarter of last year, with Cboe posting a volume of $2.3 trillion and an average daily traded volume of $36.5 billion. Interestingly, the first quarter of 2019 has the least amount of trading days, at 63.

December 13 had the highest daily trading volume of the month, coming in just under $56.5 billion. The worst trading day for the company was on Boxing Day, December 26, which recorded a trading volume of $7.5 billion.

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