- Options ADV up 19 percent and U.S. Equities - Exchange ADV up 54 percent over February 2020
- Cboe EDGX Equities Exchange set a new monthly record with more than 24 billion shares traded
- Global FX sets multiple new records
Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today reported February monthly trading volume statistics across its global business lines.
The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain February trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.
Trading Volume for Current Month |
Year-To-Date |
|||||||
February |
February |
% |
January |
% |
% |
|||
2021 |
2020 |
Chg |
2021 |
Chg |
2021 |
2020 |
Chg |
|
OPTIONS VOLUME (contracts, thousands) |
Year-To-Date |
|||||||
Trading Days |
19 |
19 |
19 |
38 |
40 |
|||
Total Volume |
249,325 |
209,552 |
19.0% |
257,900 |
-3.3% |
507,225 |
401,970 |
26.2% |
Total ADV |
13,122 |
11,029 |
19.0% |
13,574 |
-3.3% |
13,348 |
10,049 |
32.8% |
FUTURES VOLUME (contracts, thousands) |
Year-To-Date |
|||||||
Trading Days |
19 |
19 |
19 |
38 |
40 |
|||
Total Volume |
5,110 |
7,182 |
-28.9% |
5,169 |
-1.1% |
10,279 |
12,969 |
-20.7% |
Total ADV |
269 |
378 |
-28.9% |
272 |
-1.1% |
271 |
324 |
-16.6% |
U.S. EQUITIES – EXCHANGE MATCHED VOLUME (shares, millions) |
Year-To-Date |
|||||||
Trading Days |
19 |
19 |
19 |
38 |
40 |
|||
Total Volume |
43,796 |
28,464 |
53.9% |
43,351 |
1.0% |
87,147 |
54,384 |
60.2% |
Total ADV |
2,305 |
1,498 |
53.9% |
2,282 |
1.0% |
2,293 |
1,360 |
68.7% |
U.S. EQUITIES – OFF-EXCHANGE MATCHED VOLUME (shares, millions)1 |
Year-To-Date |
|||||||
Trading Days |
19 |
19 |
19 |
38 |
40 |
|||
Total Volume |
1,892 |
N/A |
2,119 |
-10.7% |
4,011 |
N/A |
||
Total ADV |
100 |
N/A |
112 |
-10.7% |
106 |
N/A |
||
CANADIAN EQUITIES MATCHED VOLUME (shares, thousands)2 |
Year-To-Date |
|||||||
Trading Days |
19 |
N/A |
20 |
39 |
N/A |
|||
Total Volume |
1,678,749 |
N/A |
1,272,741 |
31.9% |
2,951,490 |
N/A |
||
Total ADV |
88,355 |
N/A |
63,637 |
38.8% |
75,679 |
N/A |
||
EUROPEAN EQUITIES (€ millions) |
Year-To-Date |
|||||||
Trading Days |
20 |
20 |
20 |
40 |
42 |
|||
Total Notional Value |
€ 150,641 |
€ 173,999 |
-13.4% |
€ 133,420 |
12.9% |
€ 284,060 |
€ 322,824 |
-12.0% |
Total ADNV |
€ 7,532 |
€ 8,700 |
-13.4% |
€ 6,671 |
12.9% |
€ 7,102 |
€ 7,686 |
-7.6% |
EUROCCP (thousands)3 |
Year-To-Date |
|||||||
Cleared Trades |
93,040 |
N/A |
N/A |
88,241 |
5.4% |
181,282 |
N/A |
|
Net Settlements |
771 |
N/A |
N/A |
740 |
4.3% |
1,511 |
N/A |
|
GLOBAL FX ($ millions)4 |
Year-To-Date |
|||||||
Trading Days |
20 |
20 |
20 |
40 |
42 |
|||
Total Notional Value |
$746,912 |
$825,067 |
-9.5% |
$704,130 |
6.1% |
$1,451,042 |
$1,564,087 |
-7.2% |
Total ADNV |
$37,346 |
$41,253 |
-9.5% |
$35,207 |
6.1% |
$36,276 |
$37,240 |
-2.6% |
1U.S. Equities Off-Exchange data reflects Cboe's acquisition of BIDS Trading effective on December 31, 2020. |
2Canadian Equities data reflects Cboe's acquisition of MATCHNow effective on August 4, 2020. |
3EuroCCP data reflects Cboe's acquisition of EuroCCP effective on July 1, 2020. |
4Global FX metrics continue to include Spot and as of January 2021 include SEF products. |
ADV= average daily volume |
ADNV= average daily notional value |
February 2021 Trading Volume Highlights
Options Exchange Volume
- ADV on each of Cboe's four options exchanges increased over February 2020:
- Cboe Options up 2 percent
- Cboe BZX up 39 percent
- Cboe EDGX up 58 percent
- Cboe C2 up 33 percent
- Cboe EDGX Options Exchange: Monthly ADV record of 1.59 million contracts traded, surpassing the previous record of 1.50 million contracts traded in January 2021.
Options Proprietary Product Volume
- MSCI® EAFE® Index (MXEA) options: Single-day volume record on February 12 of 4,507 contracts traded, representing $997 million in notional value.
- S&P 500® ESG Index (SPESG) options: Single-day volume record on February 9 of 10,007 contracts traded, representing $345 million in notional value.
Futures Proprietary Product Volume
- VIX futures (VX): ADV of 252,359 contracts, up nearly 2 percent from January 2021.
- Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index (IBIG) futures: Monthly ADV record of 715 contracts traded, representing $105 million in average daily notional value, up 65 percent from January 2021.
- IBIG futures also set a new single-day volume record on February 22 with 2,200 contracts traded, representing $321 million in notional value.
North American Equities Volume and Market Share
- Cboe EDGX Equities Exchange: Monthly record of 24.10 billion shares traded, surpassing the previous record of 22.96 billion shares traded in January 2021.
- Cboe EDGX Equities Exchange accounted for approximately 8.7 percent of total market share in continuous trading (excluding auctions) in February.
- MATCHNow's Conditional Order Book: Monthly ADV record of 733,096 shares traded.
- MATCHNow's Conditional Order Book also set a new single-day volume record on February 8 with 2.41 million shares traded.
European Equities Trading Highlights
- Cboe LIS, Cboe Europe's block trading platform, set several records during February:
- Highest daily value-traded: €779 million on February 23
- Largest single trade: €72.5 million on February 11
- Highest monthly market share: 25 percent of the LIS market1
- On February 4, Cboe Europe successfully re-introduced Swiss securities onto its UK order books. Cboe's ADNV in Swiss shares for the days traded in February was €398 million, making Cboe the second-largest venue for these securities.
- Cboe Closing Cross (3C), Cboe Europe's post-close trading service: Record monthly ADNV of €42 million, surpassing the previous record of €37 million in January 2021.
Global FX Trading Volume
- Cboe SEF NDF trading: Single-day record on February 26 of $433 million notional traded, surpassing the previous single-day record of $305 million.
- Global FX Spot Full Amount: Single-day record on February 26 of $17.6 billion traded, exceeding the previous record by $100 million.
1Based on data published by big xyt, an independent data and analytics firm.