CBOE Holdings Reports First Consolidated Metrics Following Bats Acquisition

CBOE Holdings also reported on the foreign exchange trading business of BATS Global Markets, Hotspot.

The Chicago Board Options Exchange Holdings (NASDAQ: CBOE), which invented the options market in 1973, has released its trading volumes for the month ending March 2017, which are now reported on a consolidated basis to include the business of its newly-acquired Bats Global Markets Inc.

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During March 2017, CBOE Holdings disclosed a total trading volume for options contracts on CBOE and Bats exchanges at 159.3 million, up 25.8 percent year-on-year from 126.6 million contracts back in March 2016. This corresponded to an average daily volume (ADV) of 6.93 million contracts per day, which was also higher by 20.4 percent year-on-year from 5.75 million contracts per day in the same month of 2016.

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These options figures however illustrated a different pattern at the CBOE over a monthly interval, which in terms of total ADV volumes during March 2017 marked a drop of -2.5 percent month-on-month from 7.10 million contracts in February 2017.

Across its futures business, CBOE’s total volumes came in at 6.16 million contracts in March 2017, higher by a factor of 56.5 percent year-on-year from 3.94 million contracts in March 2016. The figure also marks an increase of 23.8 month-on-month when compared with 4.98 million in February 2017. The exchange also yielded an average daily volume (ADV) of 268,700 contracts per day, which was better by nearly 50 percent from 179,000 contracts in the year earlier.

Hotspot Metrics

By extension, CBOE Holdings also reported on the foreign exchange trading business of BATS Global Markets, Hotspot, which registered a healthy growth in March 2017, matching its other peers in an upward trajectory.

Finance Magnates reported earlier this week on Bats’ institutional spot FX market which saw its average daily trading volumes amounted to $29.7 billion in March 2017, virtually unchanged month-over-month from $29.9 billion in February 2017.

However, looking at its total volumes, Hotspot inked a figure of $683.0 billion for March 2017, jumping 26.6 percent month-over-month from just $539.6 billion in February 2017. These figures also showed a healthy uptick on a year-over-year basis, with average daily volumes rising 16.5 percent year-over-year from $25.5 billion and total volumes jumping 16.4 percent year-over-year from $587.0 billion in March 2016.

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