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CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today reported March monthly trading volume and average revenue per contract (RPC)/net revenue capture data at www.cboe.com/monthlyvolrpc.
The data sheet "CBOE Holdings Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of March statistics for options (Chicago Board Options Exchange® (CBOE®), C2 Options Exchange (C2), BZX and EDGX); CBOE Futures Exchange (CFE®); Bats' U.S. equities (BZX, BYX, EDGA, EDGX); global FX (Bats Hotspot); European equities; and European trade reporting (BXTR). Data sheets are also available on a combined basis for 2016 and 2017.
For comparability and informational purposes, the table below presents trading volume on a combined basis, as of January 1 of each year, to reflect information pertaining to Bats Global Markets, Inc., which was acquired by CBOE Holdings, Inc. on February 28, 2017.
|
Monthly Trading Volume |
Year-To-Date |
|||||||||||||
|
March |
March |
% |
February |
% |
March |
March |
% |
|||||||
|
2017 |
2016 |
Chg |
2017 |
Chg |
2017 |
2016 |
Chg |
|||||||
|
OPTIONS (contracts, thousands) |
Year-To-Date |
|||||||||||||
|
Trading Days |
23 |
22 |
19 |
62 |
61 |
|||||||||
|
Total Volume |
159,388 |
126,667 |
25.8% |
134,995 |
18.1% |
424,818 |
384,529 |
10.5% |
||||||
|
Total ADV |
6,930 |
5,758 |
20.4% |
7,105 |
-2.5% |
6,852 |
6,304 |
8.7% |
||||||
|
FUTURES (contracts, thousands) |
Year-To-Date |
|||||||||||||
|
Trading Days |
23 |
22 |
19 |
62 |
61 |
|||||||||
|
Total Volume |
6,167 |
3,941 |
56.5% |
4,980 |
23.8% |
15,821 |
13,202 |
19.8% |
||||||
|
Total ADV |
268 |
179 |
49.7% |
262 |
2.3% |
255 |
216 |
17.9% |
||||||
|
U.S EQUITIES MATCHED (shares, millions) |
Year-To-Date |
|||||||||||||
|
Trading Days |
23 |
22 |
19 |
62 |
61 |
|||||||||
|
Total Volume |
30,473 |
35,496 |
-14.2% |
24,906 |
22.4% |
81,425 |
110,960 |
-26.6% |
||||||
|
Total ADV |
1,325 |
1,613 |
-17.9% |
1,311 |
1.1% |
1,313 |
1,819 |
-27.8% |
||||||
|
EUROPEAN EQUITIES MATCHED (€ millions) |
Year-To-Date |
|||||||||||||
|
Trading Days |
23 |
21 |
20 |
65 |
62 |
|||||||||
|
Total Notional Value |
€ 233,975 |
€ 224,408 |
4.3% |
€ 201,569 |
16.1% |
€ 636,123 |
€ 782,900 |
-18.7% |
||||||
|
Total ADNV |
€ 10,173 |
€ 10,686 |
-4.8% |
€ 10,078 |
0.9% |
€ 9,787 |
€ 12,635 |
-22.5% |
||||||
|
GLOBAL FX MATCHED ($ millions) |
Year-To-Date |
|||||||||||||
|
Trading Days |
23 |
23 |
20 |
65 |
64 |
|||||||||
|
Total Notional Value |
$682,998 |
$586,630 |
16.4% |
$539,592 |
26.6% |
$1,872,700 |
$1,884,712 |
-0.6% |
||||||
|
Total ADNV |
$29,696 |
$25,506 |
16.4% |
$26,980 |
10.1% |
$28,811 |
$29,449 |
-2.2% |
||||||
ADV= average daily volume
ADNV=average daily notional value
First-Quarter 2017 Selected RPC Guidance
The company currently expects average RPC for multiply-listed options traded on CBOE and C2, to be 8 to 10 percent lower than the amount noted below for the two-months ended February 28, 2017, due to higher volume discounts in March. The average RPC for index options and futures is expected to be slightly lower than the amounts noted below for the two-months ended February 28, 2017. These expectations are estimated, preliminary and may change. There can be no assurance that our final average RPC for the three-months ended March 31, 2017 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 and 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 |
Three-Months Ended |
|||
|
Product: |
Feb-17 |
Feb-17 |
Jan-17 |
Dec-16 |
Nov-16 |
|
Multiply-Listed Options (CBOE and C2) |
$0.081 |
$0.076 |
$0.074 |
$0.068 |
$0.066 |
|
Index Options (CBOE and C2) |
$0.709 |
$0.711 |
$0.712 |
$0.712 |
$0.711 |
|
Total Options Average Revenue Per Contract |
$0.330 |
$0.328 |
$0.324 |
$0.311 |
$0.304 |
|
Futures (CFE) |
$1.839 |
$1.779 |
$1.710 |
$1.683 |
$1.679 |
