The CBOE Stock Exchange, LLC (CBSX) today announced that CBSX trading volume in July reached an all-time monthly high with 598.0 million shares traded, an average daily volume (ADV) of 28.0 million shares. This surpasses the previous monthly volume record set in October 2008 when 490.0 million shares (23.0 million ADV) changed hands at CBSX.
CBSX launched in 2007 as a multi-asset trading model for traders looking to reduce transaction costs and latency related to the hedging of options and futures market-making. The Chicago Board Options Exchange (CBOE) and CBSX offer fully automated executions for combined option and stock trades through a single electronic platform.
"CBSX has done an excellent job of attracting a diverse group of committed liquidity providers because of the unique trading opportunities presented by stock-options-futures trading," CBSX CEO David Harris said. "Most recently, CBSX has also focused on growing the pool of exchange liquidity by instituting several pricing structures to attract new customers."