Cboe’s November Turnover Higher as Futures, Options and FX Volumes ‎Surge

Cboe’s institutional spot FX platform saw its average daily trading volumes ‎amounting to $33.97 billion in November.

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported ‎its trading volumes for the month ending November 2017, which saw a ‎positive performance in key segments including a notable gain in FX volumes, ‎according to a company statement.‎

During November 2017, Cboe disclosed a total trading volume for options contracts at 155.2 million, down 1.1 percent year-on-year from 156.9 million contracts back in November 2016. This corresponded to an average daily volume (ADV) of 7.4 million contracts per day, which was also lower year-on-year from 7.47 million contracts per day in the same month a year earlier.

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However, the figures illustrated a different pattern at the Cboe over a monthly interval, which in terms of total ADV volumes during November 2017 marked a gain of 7.6 percent month-on-month from 6.87 million contracts in October 2017.

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Across its futures business, Cboe Global’s total volumes came in at 6.33 million contracts in November 2017, increasing by 11.6 percent over a yearly basis from 5.68 million contracts a year back. The figure also marks an advance by 8 percent month-on-month when compared with 5.86 million in October 2017. The exchange yielded an average daily volume (ADV) of 302,000 contracts per day, which was higher by nearly 13.2 percent from 267,000 contracts in the previous month.

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $33.97 billion in November 2017, up 11.8 percent year-over-year from $30.37 billion in November 2016. Additionally, the figure was higher by 6.0 percent on a month-over-month basis when weighed against $32.03 billion in October 2017.

Looking at its total volumes, Cboe FX inked a figure of $747.4 billion for November 2017, adding 6 percent month-over-month from $704.8 billion the previous month. These figures also showed a healthy uptick on a year-over-year basis, with November’s turnover rising 12 percent from $668.1 billion in November 2016.

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.

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