Cboe FX Starts Q4 with Strong Trading Volumes, But Lags YoY
- Cboe FX disclosed a total trading volume of $728 billion, up 14% month-over-month from $637 billion in September.
Cboe’s institutional spot FX platform on Friday reported its trading volumes for the month ending October 2019, which saw a positive performance as a rise in volatility encouraged more buying and selling of currencies relative to the month prior.
During October 2019, Cboe FX disclosed a total trading volume of $728 billion, up 14 percent on a month-over-month basis from $637 billion in September 2019. In a different pattern, the figure was lower by 13 percent year-over-year when weighed against $841 billion in October 2018.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $31.8 billion in October 2019, up 4.3 percent month-over-month from $30.3 billion in September 2019.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by 13.4 percent when weighed against $36.6 billion a year earlier.
Taking a quarterly perspective, Cboe’s institutional venue saw its total trading volumes amounting to $1.99 trillion in the third quarter of 2019, down five percent from $2.11 trillion in Q2 and also lower by 11 percent when compared with the year prior.
Cboe strengthens FX business
Earlier today, Cboe Global Markets published its financial results for the third quarter of 2019, with higher trading volumes resulting in an uptick in revenues and operating income. Total revenues for Cboe, which is the largest options exchange in the United States, came in at $294.0 million for the third quarter.
Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management has been a key focus at Cboe FX over the past year, coupled with adding extensive Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term capabilities. The company has recently launched an electronic foreign exchange trading venue that permits certain institutions to enter into spot transactions with their preferred counterparties to meet their specific trading needs.
Dubbed ‘Cboe FX Point,’ the new direct execution model provides institutional investors with a flexible range of options, including the ability to create custom, relationship-based connections.
Cboe’s institutional spot FX platform on Friday reported its trading volumes for the month ending October 2019, which saw a positive performance as a rise in volatility encouraged more buying and selling of currencies relative to the month prior.
During October 2019, Cboe FX disclosed a total trading volume of $728 billion, up 14 percent on a month-over-month basis from $637 billion in September 2019. In a different pattern, the figure was lower by 13 percent year-over-year when weighed against $841 billion in October 2018.
In addition, the exchange’s institutional FX trading venue saw its average daily trading volumes amounting to $31.8 billion in October 2019, up 4.3 percent month-over-month from $30.3 billion in September 2019.
On a year-over-year basis, the ADV numbers released by Cboe FX, formerly Hotspot, illustrated weaker performance, falling by 13.4 percent when weighed against $36.6 billion a year earlier.
Taking a quarterly perspective, Cboe’s institutional venue saw its total trading volumes amounting to $1.99 trillion in the third quarter of 2019, down five percent from $2.11 trillion in Q2 and also lower by 11 percent when compared with the year prior.
Cboe strengthens FX business
Earlier today, Cboe Global Markets published its financial results for the third quarter of 2019, with higher trading volumes resulting in an uptick in revenues and operating income. Total revenues for Cboe, which is the largest options exchange in the United States, came in at $294.0 million for the third quarter.
Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management has been a key focus at Cboe FX over the past year, coupled with adding extensive Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term capabilities. The company has recently launched an electronic foreign exchange trading venue that permits certain institutions to enter into spot transactions with their preferred counterparties to meet their specific trading needs.
Dubbed ‘Cboe FX Point,’ the new direct execution model provides institutional investors with a flexible range of options, including the ability to create custom, relationship-based connections.