Cboe FX: Trading Activity Slows Down in December, But Sets Volume Record for Q4
- Average daily volume (ADV) declined by 8.2 percent on a month-over-month basis, amounting to $31.17 billion.
After a sustained period of high trading activity through the last four months, Cboe’s institutional spot FX platform witnessed a slowdown in December 2017. Average daily volume (ADV) declined by 8.2 percent on a month-over-month basis, amounting to $31.17 billion in the month ago, compared to $34 billion in November 2017.
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On a year-over-year basis, the figure was higher by 29.2 percent when weighed against $24.1 billion in December 2016.
Looking at its total volumes, Cboe FX inked a figure of $623.4 billion for December 2017, shedding 16.6 percent month-over-month from $747.4 billion the previous month. However, these figures showed again a healthy uptick on a year-over-year basis, with December’s turnover rising 16.2 percent from $536.4 billion in December 2016.
As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E’, following its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Bats Global Markets, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term’s institutional FX trading venue Hotspot has become Cboe FX.
Despite slow trading activity in December, the last three months of 2017 helped Cboe FX average a record $32.4 billion in Q4 2017, a growth of 11.7 percent from $29.0 billion in the third quarter, coupled with a 21.4 percent increase year-over-year.
According to recent data, EUR/USD contracts are responsible for around a quarter of Cboe FX’s turnover last month. Below you can see the December performance across key currency pairs.
Currency Pair Volume
After a sustained period of high trading activity through the last four months, Cboe’s institutional spot FX platform witnessed a slowdown in December 2017. Average daily volume (ADV) declined by 8.2 percent on a month-over-month basis, amounting to $31.17 billion in the month ago, compared to $34 billion in November 2017.
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On a year-over-year basis, the figure was higher by 29.2 percent when weighed against $24.1 billion in December 2016.
Looking at its total volumes, Cboe FX inked a figure of $623.4 billion for December 2017, shedding 16.6 percent month-over-month from $747.4 billion the previous month. However, these figures showed again a healthy uptick on a year-over-year basis, with December’s turnover rising 16.2 percent from $536.4 billion in December 2016.
As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E’, following its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Bats Global Markets, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term’s institutional FX trading venue Hotspot has become Cboe FX.
Despite slow trading activity in December, the last three months of 2017 helped Cboe FX average a record $32.4 billion in Q4 2017, a growth of 11.7 percent from $29.0 billion in the third quarter, coupled with a 21.4 percent increase year-over-year.
According to recent data, EUR/USD contracts are responsible for around a quarter of Cboe FX’s turnover last month. Below you can see the December performance across key currency pairs.
Currency Pair Volume