CBOE Reports Weak Volumes for September, Hotspot Posts Double-Digit Growth

CBOE’s institutional spot FX venue saw its average daily trading volumes amounting to $33.1 billion in September 2017.

The Chicago Board Options Exchange Holdings (CBOE, NASDAQ: CBOE) has just reported its trading volumes for the month ending September 2017, which showed a stumble across key areas but marked a notable advance in FX volumes, according to a CBOE statement.

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During September 2017, CBOE Holdings disclosed a total trading volume for options contracts on CBOE and Bats exchanges at 134.9 million, down 5.4 percent year-on-year from 142.6 million contracts back in September 2016. This corresponded to an average daily volume (ADV) of 6.74 million contracts per day, which was also lower year-on-year from 6.79 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 September 2017 marked a drop of 4.1 percent month-on-month from 7.03 million contracts in August 2017.

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Across its futures business, CBOE’s total volumes came in at 5.7 million contracts in September 2017, dropping by 9.8 percent year-on-year from 6.4 million contracts a year ago. The figure also marks a loss of 37.6 percent month-on-month when compared with 9.1 million in August 2017. The exchange yielded an average daily volume (ADV) of 286,000 contracts per day, which was lower by nearly 28.2 percent from 399,000 contracts in the month prior.

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

CBOE’s institutional spot FX venue saw its average daily trading volumes amounting to $33.1 billion in September 2017, up 22.3 percent month-over-month from $27.07 billion in August 2017. The figure was also higher by 17.2 percent on a year-over-year basis when weighed against $28.3 billion in the same month a year ago.

Looking at its total volumes, Hotspot inked a figure of $695.7 billion for September 2017, jumping 11.7 percent month-over-month from just $622.8 billion in August 2017. These figures also showed a healthy uptick on a year-over-year basis, with September’s turnover rising 11.9 percent from $622.8 billion in September 2016.

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