Cboe Global Markets Reports September 2019 Trading Volume - Options ADV Up 13.9% Over September 2018 - U.S. Equities ADV Up 5.2% Over September 2018

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported September monthly trading volume and provided selected revenue per contract (RPC) guidance for the third quarter of 2019.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of September 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
	September	September	%	August	%	September	September	%
	2019	2018	Chg	2019	Chg	2019	2018	Chg
OPTIONS (contracts, thousands)						Year-To-Date
Trading Days	20	19		22		188	188
Total Volume	159,734	133,223	19.9%	186,061	-14.1%	1,382,333	1,432,896	-3.5%
Total ADV	7,987	7,012	13.9%	8,457	-5.6%	7,353	7,622	-3.5%
FUTURES (contracts, thousands)						Year-To-Date
Trading Days	20	19		22		188	188
Total Volume	4,732	4,576	3.4%	7,937	-40.4%	48,184	53,985	-10.7%
Total ADV	237	241	-1.8%	361	-34.4%	256	287	-10.7%
U.S. EQUITIES (shares, millions)						Year-To-Date
Trading Days	20	19		22		188	188
Total Volume	24,143	21,792	10.8%	28,000	-13.8%	218,174	242,931	-10.2%
Total ADV	1,207	1,147	5.2%	1,273	-5.2%	1,161	1,292	-10.2%
EUROPEAN EQUITIES (€ millions)						Year-To-Date
Trading Days	21	20		22		192	192
Total Notional Value	€ 145,992	€ 204,421	-28.6%	€ 146,949	-0.7%	€ 1,548,683	€ 1,976,028	-21.6%
Total ADNV	€ 6,952	€ 10,221	-32.0%	€ 6,679	4.1%	€ 8,066	€ 10,292	-21.6%
GLOBAL FX ($ millions)						Year-To-Date
Trading Days	21	20		22		194	194
Total Notional Value	$637,705	$715,538	-10.9%	$728,031	-12.4%	$6,412,356	$7,404,419	-13.4%
Total ADNV	$30,367	$35,777	-15.1%	$33,092	-8.2%	$33,053	$38,167	-13.4%

ADV= average daily volume
ADNV= average daily notional value

Third-Quarter 2019 Selected RPC Guidance
The company currently expects RPC for total options for the third quarter of 2019 to be 1.0 to 2.0 percent lower than the amounts noted below for the two months ended August 31, 2019. The RPC for multi-listed options for the third quarter is expected to be 3.0 to 4.0 percent lower than the two-month average, reflecting a mix shift and higher volume-related rebates. The RPC for index options for the third quarter is expected to be 0.5 to 1.0 percent above the two-month average noted below, reflecting a higher mix of SPX options contracts in September relative to the volume mix for the two months ended August 31, 2019. The RPC for futures for the third quarter is expected to be 0.5 to 1.0 percent above the two-month average noted below, reflecting lower volume-related rebates in September. These expectations are estimated, preliminary and may change. There can be no assurance that our final RPC for the three months ended September 30, 2019, will not differ materially from these expectations.

The following represents average RPC based on a two-month and a three-month rolling average, reported on a one-month lag. The average RPC represents total transaction fees for Cboe, C2, BZX, EDGX Options Exchanges and Cboe Futures Exchange (CFE) recognized for the period divided by total contracts traded during the period. Average transaction fees per contract can be affected by various factors, including exchange fee rates, volume-based discounts and transaction mix by contract type and product type.

(In Dollars)	Two- Months Ended	3Q19 Guidance vs. Two-month Avg	Three-Months Ended
Product:	Aug-19		Aug-19	Jul-19	Jun-19	May-19
Multi-Listed Options	$0.058	3.0 to 4.0% lower	$0.058	$0.059	$0.058	$0.059
Index Options	$0.747	0.5 to 1.0% above	$0.748	$0.737	$0.736	$0.728
Total Options Average Revenue Per Contract	$0.241	1.0 to 2.0% lower	$0.240	$0.240	$0.238	$0.238
Futures	$1.738	0.5 to 1.0% above	$1.752	$1.745	$1.748	$1.731