Cboe Global Markets Reports Healthy Volumes for October, FX Metrics Flat

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $32.03 billion in October 2017.

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported its trading volumes for the month ending October 2017, which saw a positive performance in key segments but marked a slight drop in FX volumes, according to a company statement.

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During October 2017, Cboe disclosed a total trading volume for options contracts at 151.1 million, up 22.2 percent year-on-year from 123.7 million contracts back in October 2016. This corresponded to an average daily volume (ADV) of 6.87 million contracts per day, which was also higher year-on-year from 5.89 million contracts per day in the same month a year earlier.

The figures also illustrated a similar pattern at the Cboe over a monthly interval, which in terms of total ADV volumes during October 2017 marked a gain of 1.8 percent month-on-month from 6.74 million contracts in September 2017.

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Across its futures business, Cboe Global’s total volumes came in at 5.8 million contracts in October 2017, increasing by 19.5 percent over a yearly basis from 4.9 million contracts a year back. The figure also marks an advance by 2.5 percent month-on-month when compared with 5.7 million in September 2017. The exchange yielded an average daily volume (ADV) of 267,000 contracts per day, which was higher by nearly 14.1 percent from 234,000 contracts in 2016.

As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E’, following its acquisition of Bats Global Markets, the exchange’s institutional FX trading venue Hotspot has become Cboe FX.

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $32.03 billion in October 2017, up 26.7 percent year-over-year from $25.3 billion in October 2016. However, the figure was lower by 3.3 percent on a month-over-month basis when weighed against $33.1 billion in September 2017.

Looking at its total volumes, Cboe FX inked a figure of $704.7 billion for October 2017, adding 1.3 percent month-over-month from $695.6 billion the previous month. These figures also showed a healthy uptick on a year-over-year basis, with October’s turnover rising 32.7 percent from $531.1 billion in October 2016.

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