Cboe Starts Q2 with Mixed Trading Volumes, FX Stagnates MoM

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported ‎its trading volumes for the month ending April 2018, which saw a ‎positive performance in key segments though FX Turnover FX Turnover FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t Read this Term was mixed, ‎according to a company statement.‎

During April 2018, Cboe disclosed a total trading volume for options contracts at 158,305 million, up 16 percent year-on-year from 136,643 million contracts back in April 2017. This corresponded to an average daily volume (ADV) of 7.5 million contracts per day, which was also higher year-on-year from 4.8 million contracts per day in the same month a year earlier.

However, the figures illustrated a different pattern at the Cboe over a monthly interval, which in terms of total ADV volumes during April 2018 marked a drop of -7.8 percent month-on-month from 8.17 million contracts in March 2018.

Across its futures business, Cboe Global’s total volumes came in at 5.5 million contracts in April 2018, shedding by 4.2 percent on a yearly basis from 5.7 million contracts a year back. The figure also marks a fall by 7.2 percent month-on-month when compared with 5.9 million in March 2018. The 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 yielded an average daily volume (ADV) of 261,000 contracts per day, which was lower by nearly 13.4 percent from 301,000 contracts in the previous year.

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $36.3 billion in April 2018, up 31.2 percent year-over-year from $27.7 billion in April 2017. In a similar pattern, the figure was lower by 4.7 percent on a month-over-month basis when weighed against $38.1 billion in March 2018.

Looking at its total volumes, Cboe FX inked a figure of $762.9 billion for April 2018, up 37 percent on a year-over-year basis from $554 billion in April 2018‎. These figures also showed a notable drop on month-over-month, with April’s turnover falling -9.0 percent from $838.3 billion the previous month.

As its parent company rebranded to Cboe Global Markets, now pronounced ‘See-bo’ instead of ‘C-B-O-E,’ following its acquisition of Bats Global Markets, the exchange’s institutional FX trading venue Hotspot has become Cboe FX.