Cboe FX Reveals Mixed Trading Volumes for November 2018

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.

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.

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term 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.