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Cboe Global Markets Reports Several Trading Volume Records for February 2020

Published: 2020-03-04 17:31:00 ET
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- Options ADV up 64%, Futures up 88%, U.S. Equities up 30%, and Global FX up 20%, compared to February 2019

- Cboe's four options exchanges combined set a new monthly ADV record with more than 11 million contracts traded

- S&P 500 Index (SPX) options set a new single day volume record with 3.6 million contracts traded on February 28

- Cboe's four U.S. equities exchanges combined set a new single-day volume record with nearly 3.5 billion shares traded on February 28

- Cboe FX reached new monthly and single-day highs

CHICAGO, March 4, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported February monthly trading volume.

(PRNewsfoto/Cboe Global Markets, Inc.)

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of February and year-to-date trading statistics and market share by business segment, volume in select index products, and RPC, which is reported on a one-month lag, across business lines.   

MONTHLY TRADING VOLUME

Year-To-Date

February

February

%

January

%

February

February

%

2020

2019

Chg

2020

Chg

2020

2019

Chg

OPTIONS (contracts, thousands)

Year-To-Date

Trading Days

19

19

21

40

40

Total Volume 

209,552

127,817

63.9%

192,418

8.9%

401,970

282,090

42.5%

Total ADV 

11,029

6,727

63.9%

9,163

20.4%

10,049

7,052

42.5%

FUTURES (contracts, thousands)

Year-To-Date

Trading Days

19

19

21

40

40

Total Volume

7,182

3,825

87.7%

5,787

24.1%

12,969

8,773

47.8%

Total ADV 

378

201

87.7%

276

37.2%

324

219

47.8%

U.S. EQUITIES (shares, millions)

Year-To-Date

Trading Days

19

19

21

40

40

Total Volume

28,464

21,827

30.4%

25,920

9.8%

54,384

48,735

11.6%

Total ADV

1,498

1,149

30.4%

1,234

21.4%

1,360

1,218

11.6%

EUROPEAN EQUITIES (€ millions)

Year-To-Date

Trading Days

20

20

22

42

42

Total Notional Value

€ 173,999

€ 188,787

-7.8%

€ 148,825

16.9%

€ 322,824

€ 389,318

-17.1%

Total ADNV

€ 8,700

€ 9,439

-7.8%

€ 6,765

28.6%

€ 7,686

€ 9,269

-17.1%

GLOBAL FX ($ millions)

Year-To-Date

Trading Days

20

20

22

42

42

Total Notional Value

$825,067

$690,395

19.5%

$739,020

11.6%

$1,564,087

$1,489,533

5.0%

Total ADNV

$41,253

$34,520

19.5%

$33,592

22.8%

$37,240

$35,465

5.0%

ADV= average daily volume

ADNV= average daily notional value

February 2020 Volume Highlights

Options

  • Cboe Global Markets' four options exchanges (Cboe, C2, BZX and EDGX) combined set a new all-time monthly average daily volume (ADV) record with more than 11 million contracts traded per day. The four options exchanges had the highest combined daily volume of all-time on Friday, February 28, with 16.65 million contracts traded.
  • BZX Options Exchange set a new all-time monthly ADV record with more than 2.6 million contracts traded. A new total monthly volume record was also set with nearly 49 million contracts traded. The exchange also saw its second highest volume day of all-time on Thursday, February 27, with more than 4.3 million contracts traded.
  • C2 Options Exchange set a new total monthly volume record with more than 19.6 million contracts traded and a new daily record on Monday, February 24, with 1.5 million contracts traded.
  • EDGX Options Exchange set a new total monthly volume record with more than 19.1 million contracts traded and a new daily record on Thursday, February 27, with 1.5 million contracts traded.
  • S&P 500 Index (SPX) options set a new single day volume record on Friday, February 28, with approximately 3.6 million contracts changing hands. For the month, SPX options ADV was up 54.7 percent over the nearly 1.16 million contracts traded per day in February 2019.
  • ADV in options on the Cboe Volatility Index (VIX) during February was 674,934 contracts, up 39 percent over the 486,212 contracts traded per day in February 2019.

Futures

  • ADV in futures on the VIX at Cboe Futures Exchange (CFE) during February was 377,718 contracts, up 89 percent over the 199,636 contracts traded per day in February 2019.
  • VIX Weekly futures also reached its highest daily volume in nearly three years on Tuesday, February 25 with 648 contracts traded.

U.S. Equities

  • Cboe Global Markets' four U.S. equities exchanges (BZX, BYX, EDGX and EDGA) saw nearly 3.5 billion shares traded on Friday, February 28, a new single-day record, topping the previous high of 3.26 billion shares on August 24, 2015.

European Equities

  • Cboe LIS, Cboe Europe's block trading platform, reported record average daily notional value (ADNV) traded of €448 million in February, up 58 percent over the €283 million ADNV traded in February 2019.
  • Cboe Periodic Auctions reported record ADNV traded of €1.2 billion in February, up 70 percent over the €719 million ADNV traded in February 2019.

Global FX

  • Cboe FX saw $75 billion in notional value traded on Friday, February 28, a new single-day record high.
  • Full Amount ADV reached a new monthly high with $10 billion in notional value.
  • For the fourth consecutive month, Cboe SEF reached a new monthly ADV high in February with $119 million, including a single-day record of $287 million on Friday, February 28.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to defining markets to benefit its participants and drive the global marketplace forward through product innovation, leading edge technology and seamless trading solutions.

The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world's premier gauge of U.S. equity market volatility.

Cboe's subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe and is a leading market globally for ETP listings and trading.    

The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.

Media Contacts

Analyst Contact

Angela Tu

Stacie Fleming

Debbie Koopman

+1-646-856-8734

+44-20-7012-8950

+1-312-786-7136

atu@cboe.com

sfleming@cboe.com

dkoopman@cboe.com

CBOE-V

BZX®, Cboe®, Cboe Global Markets®, Cboe Volatility Index®, CFE®, EDGX®, and VIX® are registered trademarks Cboe LIS SM and XSPSM are service marks of  Cboe Exchange, Inc. or its affiliates. S&P 500® and SPX® are registered trademarks of Standard & Poor's Financial Services, LLC and has been licensed for use by Cboe Exchange, Inc.  Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor's or Cboe and neither Standard & Poor's nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

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SOURCE Cboe Global Markets, Inc.