Cboe Reports Mixed Trading Volumes for May 2020
- Cboe is set to reopen its options trading floor on June 8, two months after it moved all operations to the digital sphere
Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has reported its trading statistics for May 2020, which notched a healthy gain in both its options and US equities volumes, despite seeing a wavering performance across FX and futures business.
During May 2020, Cboe disclosed a total trading volume for options contracts at 191 million. Year-over-year, this was good for a rise of seven percent from 178 million back in May 2019. However, this figure was down five percent from 201 million contracts in the previous month.
This corresponded to an average daily volume (ADV) of 9.57 million contracts per day, which was almost unchanged from the month prior but was up by 18 percent year-on-year from 8.11 million contracts per day in the same month a year earlier.
Across its futures business, Cboe Global’s total volumes came in at 2.67 million contracts in May 2020, down by 64 percent over a yearly basis from 7.15 million contracts a year back. The figure however marks a decent rise of 14 percent month-on-month when compared with 2.34 million in April 2020. The exchange yielded an average daily volume (ADV) of 134,000 contracts per day, which was lower by two thirds from 342,000 contracts in the previous year.
Cboe to Open Chicago outcry trading floor
Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $31.36 billion in May 2020, up seven percent month-over-month from $29.2 billion in April 2020.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by six percent when weighed against $33.0 billion a year earlier.
Looking at its total volumes, Cboe FX inked a figure of $658 billion, up 2.3 percent on a month-over-month basis from $643 trillion in April 2020. This figure was even lower by 13 percent year-over-year when weighed against $760 billion in May 2019.
Cboe FX turnover crossed the $1 trillion milestone in March amid Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, -driven Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders that has shaken awake previously slumbering FX markets.
Cboe is set to reopen its options trading floor on June 8, more than two months after it moved all operations to the digital sphere when the coronavirus pandemic sent all US exchanges into lockdown.
But as new social distance rules come into effect, the exchange said the C1 floor reopening plan is designed to accommodate open outcry trading activity, “while prioritizing the safety and well-being of the trading floor community.”
Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has reported its trading statistics for May 2020, which notched a healthy gain in both its options and US equities volumes, despite seeing a wavering performance across FX and futures business.
During May 2020, Cboe disclosed a total trading volume for options contracts at 191 million. Year-over-year, this was good for a rise of seven percent from 178 million back in May 2019. However, this figure was down five percent from 201 million contracts in the previous month.
This corresponded to an average daily volume (ADV) of 9.57 million contracts per day, which was almost unchanged from the month prior but was up by 18 percent year-on-year from 8.11 million contracts per day in the same month a year earlier.
Across its futures business, Cboe Global’s total volumes came in at 2.67 million contracts in May 2020, down by 64 percent over a yearly basis from 7.15 million contracts a year back. The figure however marks a decent rise of 14 percent month-on-month when compared with 2.34 million in April 2020. The exchange yielded an average daily volume (ADV) of 134,000 contracts per day, which was lower by two thirds from 342,000 contracts in the previous year.
Cboe to Open Chicago outcry trading floor
Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $31.36 billion in May 2020, up seven percent month-over-month from $29.2 billion in April 2020.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by six percent when weighed against $33.0 billion a year earlier.
Looking at its total volumes, Cboe FX inked a figure of $658 billion, up 2.3 percent on a month-over-month basis from $643 trillion in April 2020. This figure was even lower by 13 percent year-over-year when weighed against $760 billion in May 2019.
Cboe FX turnover crossed the $1 trillion milestone in March amid Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, -driven Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders that has shaken awake previously slumbering FX markets.
Cboe is set to reopen its options trading floor on June 8, more than two months after it moved all operations to the digital sphere when the coronavirus pandemic sent all US exchanges into lockdown.
But as new social distance rules come into effect, the exchange said the C1 floor reopening plan is designed to accommodate open outcry trading activity, “while prioritizing the safety and well-being of the trading floor community.”