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Cboe Global Markets Reports October 2020 Trading Volume

November 4, 2020 10:00 AM

CHICAGO, Nov. 4, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today reported October monthly trading volume.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of October 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. In addition, a supplemental data sheet that provides electronic trading statistics for Cboe Options Exchange is available on the website.

Monthly Trading Volume

Year-To-Date

October

October

%

September

%

October

October

%

2020

2019

Chg

2020

Chg

2020

2019

Chg

OPTIONS VOLUME (contracts, thousands)

Year-To-Date

Trading Days

22

23

21

211

211

Total Volume

207,194

170,944

21.2%

214,107

-3.2%

2,111,399

1,553,277

35.9%

Total ADV

9,418

7,432

26.7%

10,196

-7.6%

10,007

7,362

35.9%

FUTURES (contracts, thousands)

Year-To-Date

Trading Days

22

23

21

211

211

Total Volume

3,312

5,441

-9.1%

4,116

-9.5%

43,880

53,625

-8.2%

Total ADV

151

237

-6.4%

196

-23.2%

208

254

-18.2%

U.S EQUITIES MATCHED VOLUME (shares, millions)

Year-To-Date

Trading Days

22

23

21

211

211

Total Volume

31,754

25,684

23.6%

32,230

-1.5%

366,916

243,859

50.5%

Total ADV

1,443

1,117

29.3%

1,535

-6.0%

1,739

1,156

50.5%

CANADIAN EQUITIES MATCHED VOLUME (shares, thousands)*

Year-To-Date

Trading Days

21

N/A

21

62

N/A

Total Volume

793,721

N/A

828,786

-4.2%

2,432,065

N/A

Total ADV

37,796

N/A

39,466

-4.2%

39,227

N/A

EUROPEAN EQUITIES (€ millions)

Year-To-Date

Trading Days

22

23

22

215

215

Total Notional Value

€ 128,026

€ 168,940

-24.2%

€ 129,273

-1.0%

€ 1,476,718

€ 1,717,623

-14.0%

Total ADNV

€ 5,819

€ 7,345

-20.8%

€ 5,876

-1.0%

€ 6,868

€ 7,989

-14.0%

GLOBAL FX ($ millions)

Year-To-Date

Trading Days

22

23

22

217

217

Total Notional Value

$680,770

$728,357

-6.5%

$702,094

-3.0%

$7,513,991

$7,140,712

5.2%

Total ADNV

$30,944

$31,668

-2.3%

$31,913

-3.0%

$34,627

$32,907

5.2%

*Canadian Equities data reflects Cboe's acquisition of MATCHNow effective on the first business day of the month, Tuesday, August 4, 2020.

ADV= average daily volume

ADNV= average daily notional value

October 2020 Volume Highlights

  • Each of Cboe Global Markets' four options exchanges saw an increase in ADV compared to a year ago: Cboe Options up 13 percent, Cboe C2 up 19 percent, Cboe BZX up 52 percent and Cboe EDGX up 67 percent over October 2019.
  • Cboe C2 Options Exchange set a new monthly volume record with a total of 22.3 million contracts traded, surpassing the previous record of 21.5 million contracts set in September 2020.
  • ADV in Cboe Volatility Index (VIX) options was 492,200 contracts, up 35 percent from September 2020, and up 21 percent from October 2019.
  • ADV in Mini-SPX options (XSP) reached 29,868 contracts, up 35 percent from September 2020.
  • Total volume in Mini VIX futures (VXM) has surpassed more than 1.5 million contracts since launch on August 9.
  • ADV in Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (IBHY) futures on Cboe Futures Exchange (CFE) was 547 contracts, up 7 percent from September 2020, and up 428 percent from October 2019.
  • Cboe® iBoxx® iShares® Investment Grade Corporate Bond Index (IBIG) futures traded on CFE reached a new ADV high of 144 contracts, up 56 percent from September 2020.
  • U.S. Equities ADV year-to-date through October is up 51 percent compared to the same period last year.
  • Cboe EDGX Equities Exchange market share reached a new all-time high in October, capturing 7.8 percent of the market.
  • Global FX total ADNV year-to-date through October is up 5 percent compared to the same period last year.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading and investment solutions to market participants around the world. The company is committed to defining markets 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., Canadian 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 owns EuroCCP, a leading pan-European equities clearing house. Cboe also 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

Tim Cave

Debbie Koopman

+1-646-856-8734

+44 (0) 7593-506-719

+1-312-786-7136

[email protected]

[email protected]

[email protected]

CBOE-V

BZX®, Cboe®, Cboe Global Markets®, Cboe Volatility Index®, CFE®, EDGX®, and VIX® are registered trademarks and Mini VIXSM 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.

The iBoxx® iShares® $ High Yield Corporate Bond Index and the iBoxx® iShares® $ Investment Grade Corporate Bond Index (the "Indexes") referenced herein are the property of Markit Indices Limited ("Index Sponsor") and have been licensed for use in connection with Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures and Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index Futures. Each party to a Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures or Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index Futures transaction acknowledges and agrees that the transaction is not sponsored, endorsed or promoted by the Index Sponsor. The Index Sponsor makes no representation whatsoever, whether express or implied, and hereby expressly disclaims all warranties (including, without limitation, those of merchantability or fitness for a particular purpose or use), with respect to the Indexes or any data included therein or relating thereto, and in particular disclaims any warranty either as to the quality, accuracy and/or completeness of the Indexes or any data included therein, the results obtained from the use of the Indexes and/or the composition of the Indexes at any particular time on any particular date or otherwise and/or the creditworthiness of any entity, or the likelihood of the occurrence of a credit event or similar event (however defined) with respect to an obligation, in the Indexes at any particular time on any particular date or otherwise. The Index Sponsor shall not be liable (whether in negligence or otherwise) to the parties or any other person for any error in the Indexes, and the Index Sponsor is under no obligation to advise the parties or any person of any error therein.

The Index Sponsor makes no representation whatsoever, whether express or implied, as to the advisability of purchasing or selling Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures and Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index Futures, the ability of the Indexes to track relevant markets' performances, or otherwise relating to the Indexes or any transaction or product with respect thereto, or of assuming any risks in connection therewith. The Index Sponsor has no obligation to take the needs of any party into consideration in determining, composing or calculating the Indexes. No party purchasing or selling Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures or Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index Futures, nor the Index Sponsor, shall have any liability to any party for any act or failure to act by the Index Sponsor in connection with the determination, adjustment, calculation or maintenance of the Indexes. iBoxx® is a service mark of IHS Markit Limited.

The iBoxx® iShares® $ High Yield Corporate Bond Index and the iBoxx® iShares® $ Investment Grade Corporate Bond Index (the "Indexes") and futures contracts on the Indexes ("Contracts") are not sponsored by, or sold by BlackRock, Inc. or any of its affiliates (collectively, " BlackRock"). BlackRock makes no representation or warranty, express or implied to any person regarding the advisability of investing in securities, generally, or in the Contracts in particular. Nor does BlackRock make any representation or warranty as to the ability of the Index to track the performance of the fixed income securities market, generally, or the performance of HYG, LQD or any subset of fixed income securities.

BlackRock has not calculated, composed or determined the constituents or weightings of the fixed income securities that comprise the Indexes ("Underlying Data"). BlackRock is not responsible for and has not participated in the determination of the prices and amounts of the Contracts, or the timing of the issuance or sale of such Contracts or in the determination or calculation of the equation by which the Contracts are to be converted into cash (if applicable). BlackRock has no obligation or liability in connection with the administration or trading of the Contracts. BlackRock does not guarantee the accuracy or the completeness of the Underlying Data and any data included therein and BlackRock shall have no liability for any errors, omissions or interruptions related thereto.

BlackRock makes no warranty, express or implied, as to results to be obtained by Markit or its affiliates, the parties to the Contracts or any other person with respect to the use of the Underlying Data or any data included therein. BlackRock makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Underlying Data or any data included therein. Without limiting any of the foregoing, in no event shall BlackRock have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Underlying Data or any data included therein, even if notified of the possibility of such damages.

iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.

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SOURCE Cboe Global Markets, Inc.

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