Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported November 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 November 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.
|
Average Daily Trading Volume (ADV) by Month |
Year-To-Date |
|||||||||||
|
Nov 2025 |
Nov 2024 |
% Chg |
Oct |
% |
Nov 2025 |
Nov 2024 |
% |
|||||
|
Multi-listed options (contracts, k) |
14,429 |
12,355 |
16.8 % |
15,892 |
-9.2 % |
13,670 |
10,761 |
27.0 % |
||||
|
Index options (contracts, k) |
5,856 |
4,141 |
41.4 % |
5,511 |
6.3 % |
4,939 |
4,101 |
20.4 % |
||||
|
Futures (contracts, k)1 |
284 |
222 |
28.3 % |
259 |
9.8 % |
232 |
241 |
-3.8 % |
||||
|
U.S. Equities - On-Exchange (matched shares, mn) |
1,802 |
1,601 |
12.5 % |
2,020 |
-10.8 % |
1,790 |
1,381 |
29.6 % |
||||
|
U.S. Equities - Off-Exchange (matched shares, mn) |
202 |
94 |
115.0 % |
227 |
-10.7 % |
154 |
80 |
93.5 % |
||||
|
Canadian Equities (matched shares, k) |
186,073 |
159,068 |
17.0 % |
211,986 |
-12.2 % |
165,575 |
146,992 |
12.6 % |
||||
|
European Equities (€, mn) |
12,772 |
11,262 |
13.4 % |
13,192 |
-3.2 % |
13,035 |
9,849 |
32.4 % |
||||
|
Australian Equities (AUD, mn) |
1,025 |
822 |
24.7 % |
1,130 |
-9.3 % |
952 |
791 |
20.4 % |
||||
|
Global FX ($, mn) |
53,120 |
49,565 |
7.2 % |
55,134 |
-3.7 % |
52,880 |
47,048 |
12.4 % |
||||
|
Cboe Clear Europe Cleared Trades (k) |
106,229 |
114,701 |
-7.4 % |
125,392 |
-15.3 % |
1,373,921 |
1,132,456 |
21.3 % |
||||
|
Cboe Clear Europe Net Settlements (k) |
1,156 |
995 |
16.2 % |
1,305 |
-11.5 % |
12,493 |
10,273 |
21.6 % |
||||
|
1 In the second quarter of 2025, Digital futures products were transitioned to Cboe Futures Exchange. Futures metrics prior to the second quarter of 2025 exclude Digital futures products. |
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November 2025 Trading Volume Highlights
U.S. Options
- Trading in Cboe's proprietary index options suite set several volume records for the month, including:
- New overall proprietary index options ADV record of 5.9 million contracts.
- New S&P 500 Index (SPX) options ADV record of 4.6 million contracts.
- New SPX zero-days-to-expiry (0DTE) options ADV record of 2.8 million contracts.
- New SPX ADV record of 122 thousand during Cboe's global trading hours session (8:15 PM to 9:25 AM ET).
- New mini-SPX (XSP) ADV record of 132 thousand contracts.
Global FX
- Global FX set a new Cboe SEF (Swap Execution Facility) Non-Deliverable Forwards average daily notional value (ADNV) record of $3.5 billion.
