CBOE’s Options and Futures Volumes Retreat in January 2017, Slightly Up MoM

CBOE CFE's ADV came in at 4.67 million contracts in January 2017, lower by a factor of -10.0 percent year-on-year.

The Chicago Board Options Exchange Holdings (NASDAQ: CBOE), one of the largest operators of the US equity options market, has reported its trading volumes for the month ending January 2017, which saw a notable pullback across several channels, according to a CBOE statement.

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During January 2017, CBOE Holdings disclosed a total trading volume for options contracts on CBOE and C2 exchanges at 93.1 million, falling -5.0 percent year-on-year from 97.8 million contracts in January 2016. This corresponded to an average daily volume (ADV) of 4.6 million contracts per day, which was also lower by -10.0 percent year-on-year from 5.1 million contracts per day in the same month of 2016.

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These options figures however illustrated a different pattern at the CBOE over a monthly interval, which in terms of total volumes during January 2017 marked an increase of 1 percent month-on-month from 91.9 million contracts in December 2016.

Across its futures business, CBOE Futures Exchange’s (CFE) ADV came in at 4.67 million contracts in January 2017, lower by a factor of -10.0 percent year-on-year from 5.16 million contracts in January 2016, but was higher 9 percent month-on-month when compared with 4.27 million in December 2016. The exchange also yielded an average daily volume (ADV) of 233,700 contracts per day, which was lower by a margin of -14.0% from 272,000 contracts per day in 2016.

By extension, overall trading volume for CBOE Holdings, including Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2) and CBOE Futures Exchange (CFE) totaled 97.81 million contracts, slightly higher month-on-month by approximately 2 percent from 96.11 million contracts in the month prior. Compared to its 2016 counterpart, the latest figures also corroborate a move lower of -5.0 percent year-on-year from 102.99 million contracts in December 2016.

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