Cboe Global Markets Sees Solid 2018 and Record FX Volumes

Cboe Global Markets, Inc., an exchange operator, has published its trading volumes for December and the full year of 2018 this Monday. The firm, which is one of the largest 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 holding companies in the world, managed to set trading records during the year.

Across all four of Cboe Global Markets’ options exchanges (Cboe, C2, BZX and EDGX), the combined average daily volume (ADV) was 7.87 million contracts in 2018, an all-time high. When measured against 2017, this is up by 13 percent.

The total options trading volume was 1.98 billion contracts in 2018, an increase of 13.8 percent year-on-year. The total trading volume for December of 2018 was also up on an annual basis, climbing by 21.1 percent to reach 165.2 million contracts.

Cboe FX volumes reach an all-time high

The trading volume for global foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) across Cboe also reached a new all-time high in 2018. During the year, the average daily notional value came in at $37.4 billion. When measured against 2014, which held the previous record of $30.1 billion this is 24 percent higher. Comparing this value to 2017, the average daily notional value for 2018 was 26.6 percent higher.

The total notional value for global forex in 2018 was $9.68 billion, which is also up by 26 percent year-on-year. Taking a look at December’s trading volumes, however, the month paints a less sunny picture with the total notional value falling by 12.5 percent when compared to the previous month. However, it was still up by 7.6 percent on an annual basis.

Moving on the Cboe Futures Exchange (CFE), trading again managed to set an overall record, achieving an ADV of 300,036 contracts. This represents a jump of 1.8 percent year-on-year. Total volume was also up, but only slightly, inching higher by 2.2 percent to reach 75.6 million contracts.

Cboe also announced a key executive move today - the COO of CBOE Global Markets Chris Concannon is leaving the company. As Finance Magnates reported today, he is leaving the firm to pursue other opportunities.