CBOE’s August Volumes Held in Tight Consolidation, C2 Figures Outperform

CBOE's volumes were mixed in August, unable to shake out of a tight consolidation relative to July.

The Chicago Board Options Exchange Holdings (CBOE, NASDAQ: CBOE), one of the largest operators of the US equity options market, has released its trading volumes for the month ending August 2016, which showed a tight consolidation relative to the month prior, ultimately failing to move the needle by way of a substantial push in either direction, according to a CBOE statement.

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CBOE’s latest figures help alleviate a recent downtrend that had occurred following June’s Brexit-induced swell. During August 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 94.4 million, virtually unchanged MoM from 94.4 million contracts in July 2016.

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The exchange also yielded an average daily volume (ADV) of 4.1 million contracts per day, which was lower by a margin of -12.8% MoM from 4.7 million contracts per day in July 2016. Across a yearly timetable, CBOE’s total volumes also dwindled by a smaller margin of -30.5% YoY from 5.9 million contracts per day in August 2015. August 2016 had a total of 23 trading days compared to 20 in July 2016.

CBOE Options

Across its options business, CBOE’s ADV was reported at 3.9 million contracts in August 2016, lower by roughly -13.3% MoM from 4.5 million contracts set back in July 2016, as well as a -31.0% YoY slide from 5.7 million contracts in August 2015.

C2 Option Exchange

Glancing at C2 Option Exchange’s volumes, August 2016’s trading volume was pointed higher, coming in at just 6.9 million contracts, or 4.5% higher MoM from 6.6 million contracts in July 2016. When measured against its 2015 equivalent however, the latest numbers were inflected negatively, orchestrating a -11.5% YoY decline from 7.8 million contracts in August 2015.

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