CBOE Reports Healthy Volumes for August 2017

The Chicago Board Options 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 Holdings (CBOE, NASDAQ: CBOE) has just reported its trading volumes for the month ending August 2017, which saw a notable advance in key segments, according to a CBOE statement.

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During August 2017, CBOE Holdings disclosed a total trading volume for options contracts on CBOE and Bats exchanges at 161.85 million, up 30.7 percent year-on-year from 123.87 million contracts back in August 2016. This corresponded to an average daily volume (ADV) of 7.03 million contracts per day, which was also higher year-on-year from 5.38 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 August 2017 marked a rise of 9.5 percent month-on-month from 6.42 million contracts in July 2017.

Across its futures business, CBOE’s total volumes came in at 9.16 million contracts in August 2017, higher by a factor of 92.3 percent year-on-year from 4.76 million contracts a year ago. The figure also marks an increase of 53.7 percent month-on-month when compared with 5.96 million in July 2017. The exchange yielded an average daily volume (ADV) of 399,000 contracts per day, which was better by nearly 33.6 percent from 298,000 contracts in the month prior.

CBOE Holdings also reported on the foreign exchange trading business of Hotspot, which registered healthy growth in August 2017 over last year, matching some other peers in its upward trajectory.

Finance Magnates reported earlier this week on CBOE’s institutional spot FX venue which saw its average daily trading volumes amounting to $27.07 billion in August 2017, virtually unchanged month-over-month from $27.09 billion in July 2017.

However, looking at its total volumes, Hotspot inked a figure of $622.8 billion for August 2017, jumping 9.4 percent month-over-month from just $569.01 billion in July 2017. These figures also showed a healthy uptick on a year-over-year basis, with average daily volumes rising 19.6 percent year-over-year from $22.6 billion and total volumes jumping by the same percentage year-over-year from $520.5 billion in August 2016.