Nasdaq Reports Mixed Metrics in August, Fixed Income Trading Increases

The US exchange recorded a monthly drop in equity and cash derivatives trading.

Nasdaq, a leading American stock exchange, has published its trading volumes for the month of August. During the month, the trading provider recorded a drop in equity and cash derivatives volumes.

According to data published on Wednesday, 2nd September 2020, a total of 215 million US equity options contracts were traded in August. This is slightly lower when measured against the previous month when 218 million contracts were traded. As a percentage, it is down by 1.4 per cent.

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Although US equity options trading volume has dropped on a monthly comparison, August’s performance holds up year on year. In fact, trading has increased by 36.9 per cent against August 2019. 

Staying with equity derivatives, 4.9 million European options and futures contracts were traded throughout the eighth month of the year on the US exchange. Against July, which posted a trading volume of 5.1 million contracts, this is lower by 3.9 per cent.

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Fixed Income Trading Increases MoM on Nasdaq

Taking a look at Fixed Income and Commodities trading, the situation appears to be a lot more optimistic for the exchange. For August, Nasdaq achieved a total trading volume for US fixed income of $428 billion. This is stronger month on month by 30.9 per cent, rising from the $327 billion trading volume in July.

Although August’s fixed-income trading volume is higher against the previous month, it is significantly lower when measured against August of 2019. Specifically, it has declined by 65.8 per cent.

The European fixed income trading volume for August also increased by 81.8 per cent, rising from 1.1 million contracts in July to 2.0 million contracts in August. Year on year, trading has fallen by 13.0 per cent.

For cash equities, 36.324 billion US matched equity shares were traded in August. Whilst this is fewer than in July by approximately 18.5 per cent, it showed an increase against August 2019 of 10.2 per cent.

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