Cboe Global Markets Sees Solid 2018 and Record FX Volumes

Trading volumes for global forex on Cboe exchanges reached a new all-time high, beating 2014 figures.

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 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.

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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.

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Cboe FX volumes reach an all-time high

The trading volume for global foreign exchange (forex) 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.

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