Cboe FX Reveals Mixed Trading Volumes for November 2018

Cboe’s institutional spot FX platform saw its ADV amounting to $34.9 billion in November , down -4.7% MoM.

Cboe Global Markets, Inc. (Cboe: CBOE | NASDAQ: CBOE) has just reported ‎its trading volumes for the month ending November 2018, which saw a ‎mixed performance in key business segments, ‎according to a company statement.‎

During November 2018, Cboe disclosed a total trading volume for options contracts at 162 million, up 4.4 percent year-on-year from 155 million contracts back in November 2017. This corresponded to an average daily volume (ADV) of 7.7 million contracts per day, which was higher four percent year-on-year from 7.3 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 2018 marked a drop of 18 percent month-on-month from 9.3 million contracts in October 2018.

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Across its futures business, Cboe Global’s total volumes came in at 5.7 million contracts in November 2018, decreasing by 41 percent over a yearly basis from 9.7 million contracts a year back. The figure also marks a drop by 10 percent month-on-month when compared with 6.33 million in October 2018. The exchange yielded an average daily volume (ADV) of 271,000 contracts per day, which was lower by nearly 35 percent from 422,000 contracts in the previous month.

Foreign Exchange Metrics

Cboe’s institutional spot FX platform saw its average daily trading volumes amounting to $34.9 billion in November 2018, down 4.7 percent month-over-month from $35.6 billion in October 2018.

Looking at its total volumes, Cboe FX inked a figure of  $767 billion in November 2018, down 9 percent on a month-over-month basis from ‎$841 ‎billion in October 2018‎. In a different pattern, the figure was even higher by 2.6 percent year-over-year when weighed against $747 billion in November 2017.

November had been a less active month compared to October, but overall volatility is still benefiting from rising geopolitical tensions, concerns about US-led trade wars with several countries, and the prospect a global economic growth boom nearing its peak. Key currency pairs have departed its wait-and-see mode seen in July and October where they were stuck in narrow price ranges.

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