CBOE’s September Volumes Undergo MoM Growth Amidst Uptrending Volatility

One month after stabilizing its volumes, CBOE's September business segments have shown higher levels of momentum.

The Chicago Board Options Exchange Holdings (CBOE, NASDAQ: CBOE), one of the largest operators in the US equity options market, has reported its trading volumes for the month ending September 2016, which managed to tick higher in the month given the prevalence of heightened volatility across all markets, according to a CBOE statement.

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CBOE’s latest figures are in line with an industry-wide trend that saw a strong performance in September 2016. During the month, 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 107.4 million, up 10.6% MoM from 94.4 million contracts in August 2016.

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The exchange also yielded an average daily volume (ADV) of 5.1 million contracts per day, which was higher by a margin of 24.3% MoM from 4.1 million contracts per day in August 2016. Across a yearly timetable, CBOE’s total volumes also grew by a smaller margin of 3.0% YoY from 5.0 million contracts per day in September 2015. September 2016 had a total of 21 trading days compared to 23 in August 2016.

CBOE Options

Across its options business, CBOE’s ADV was disclosed at 4.8 million contracts in September 2016, up by approximately 23.1% MoM from 3.9 million contracts set back in August 2016, as well as a 2.2% YoY from 4.7 million contracts in September 2015.

C2 Option Exchange

Looking at C2 Option Exchange’s volumes, September 2016’s trading volume was also pointed higher, coming in at just 8.9 million contracts, or 29.0% higher MoM from 6.9 million contracts in August 2016. When measured against its 2015 equivalent however, the latest numbers were even stronger, orchestrating a 43.5% YoY decline from 6.2 million contracts in September 2015.

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