CBOE FX Market Share at 15.4%, Futures and Options Volumes Driven by VIX

The shattered volatility trade in February netted the CBOE massive gains in trading volumes year-on-year.

The month of February is behind us, and so are the ripples left from the demise of the short volatility trade that persisted since the election of Donald Trump. The CBOE is out with its trading volumes across multiple instruments, showing a material shift in the market environment when compared to last year.

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Finance Magnates has already reported on the record trading volume numbers for the foreign exchange unit formerly known as Hotspot. During the first month of 2018, the foreign exchange business of the CBOE, that it acquired after the merger deal with BATS Global Markets, netted a 2 percent increase in its market share when compared to the 2017 average.

The figure stood at 15.4%, compared to 13.4 percent for last year and 14.9 percent in the final quarter of 2017.

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Trading Volumes Across the Board

The CBOE netted a 43 percent increase in options, driven by trading activity in the S&P 500 and the VIX. The total volume increased to 193,122 contracts, which is higher by almost 2 percent when compared to March.

The market share of the CBOE on the US options market totaled about 41.5 percent, which is higher by about 1 percent month-on-month. The company continued dominating index options with a 99.3 percent market share and 31.8 percent in equities and ETPs.

Futures trading was also a boost for the CBOE last month with February total volumes increasing by 24.8 percent when compared to January, netting 9,176 contracts. The number was also higher by 84.3 percent year-on-year.

US and European Equities Tick Higher

The CBOE also registered monthly increases in the number of shares that were traded via its infrastructure in the US and in Europe. Total volumes on the US market in February amounted to 31.9 billion, a figure that was higher by 17.3 percent month-on-month and by 27.9 percent year-on-year.

The European market saw a more modest increase, with the net result for February of €233.5 billion being higher by 5.8 percent when compared to January and by 15.6 percent when compared to February 2017.

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