CBOE Holdings Sees Across-the-Board Growth in Options, Futures

CBOE's volumes managed to best its May equivalents in every way during June, helped by surging volatility.

The Chicago Board Options Exchange Holdings (CBOE, NASDAQ: CBOE), one of the biggest operators of the US equity options market, has released its trading volumes for the month ending June 2016, highlighted by a sizable growth across the board, according to a CBOE statement.

During June 2016, CBOE Holdings reported a total trading volume for options contracts on Chicago Board Options Exchange, C2 Options Exchange, and futures contracts on CBOE Futures Exchange of 114.0 million, climbing 27.5% MoM from 89.4 million contracts in May 2016. The exchange also saw an average daily volume (ADV) of 5.2 million contracts per day, which was higher by a margin of 20.9% MoM from 4.3 million contracts per day in May 2016.

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The steadfast growth in volumes can be partially explained by a surge in futures activity towards the end of the month at the CBOE – the exchange saw a record volume in non-US trading hours on June 24 with 235,141 contracts, following the aftermath of the Brexit vote.

CBOE Volumes

Across its options business, CBOE’s ADV was reported at 4.9 million contracts in June 2016, higher by a margin of 21.0% MoM from 4.0 million contracts set back in May 2016, as well as a 13.0% YoY jump from 4.3 million contracts in June 2015. The exchange-wide trading volume also totaled 106.9 million contracts in June 2016, surging 26.0% MoM from 84.6 million contracts in May 2016.

C2 Option Exchange

Looking at C2 Option Exchange’s volumes, June 2016 trading volume yielded 6.9 million contracts, pointed higher MoM by approximately 11.0% from 6.2 million contracts in May 2016 – relative to its 2015 equivalent, the latest numbers were virtually unchanged YoY from June 2015. Meanwhile, ADV was reported at 314,600 contracts in June 2016, a growth of 6.0% MoM from 296,400 contracts in June 2016.

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