Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Cboe Global Markets Reports September 2018 Trading Volume

Date 04/10/2018

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported September monthly trading volume and average revenue per contract (RPC)/net revenue capture data at www.cboe.com/monthlyvolrpc.

The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of September statistics.  Data sheets are available on an as reported and combined basis for 2017.

For comparability and informational purposes, the table below presents trading volume on a combined basis, as of January 1, 2017, to reflect information pertaining to Bats Global Markets, Inc., which was acquired by Cboe Global Markets, Inc. on February 28, 2017. 

MONTHLY TRADING VOLUME

Year-To-Date

 

September

September

%

August

%

September

September

%

2018

2017

Chg

2018

Chg

2018

2017

Chg

OPTIONS (contracts, thousands)

Year-To-Date

Trading Days

19

20

 

23

 

188

188

 

Total Volume 

133,223

134,935

-1.3%

156,687

-15.0%

1,432,896

1,293,350

10.8%

Total ADV 

7,012

6,747

3.9%

6,812

2.9%

7,622

6,880

10.8%

FUTURES (contracts, thousands)

Year-To-Date

Trading Days

19

20

 

23

 

188

188

 

Total Volume

4,576

5,725

-20.1%

5,826

-21.5%

53,985

56,006

-3.6%

Total ADV 

241

286

-15.9%

253

-4.9%

287

298

-3.6%

U.S. EQUITIES (shares, millions)

Year-To-Date

Trading Days

19

20

 

23

 

188

188

 

Total Volume

21,792

23,705

-8.1%

25,022

-12.9%

242,931

237,791

2.2%

Total ADV

1,147

1,185

-3.2%

1,088

5.4%

1,292

1,265

2.2%

EUROPEAN EQUITIES (€ millions)

Year-To-Date

Trading Days

20

21

 

23

 

192

193

 

Total Notional Value

€ 204,421

€ 175,155

16.7%

€ 205,558

-0.6%

€ 1,976,028

€ 1,851,822

6.7%

Total ADNV

€ 10,221

€ 8,341

22.5%

€ 8,937

14.4%

€ 10,292

€ 9,595

7.3%

GLOBAL FX ($ millions)

Year-To-Date

Trading Days

20

21

 

23

 

194

195

 

Total Notional Value

$715,538

$695,600

2.9%

$802,052

-10.8%

$7,404,419

$5,575,287

32.8%

Total ADNV

$35,777

$33,124

8.0%

$34,872

2.6%

$38,167

$28,591

33.5%

 

ADV= average daily volume

ADNV= average daily notional value

Third-Quarter 2018 Selected RPC Guidance 
The company currently expects average revenue per contract (RPC) for total Options for the third quarter of 2018 to be in line with the amounts noted below for the two months ended August 31, 2018.  RPC for index options for the third quarter is expected to be 1.5% to 2.5% lower than the two-month average noted below, reflecting a higher mix of VIX options contracts in September relative to the volume mix for the two-months ended August 31, 2018.  RPC for multiply-listed options for the third quarter is expected to be 2% to 3% higher than the two-month average.  The RPC for Futures for the third quarter is expected to be 1% to 2% above the two-month average noted below, primarily reflecting  the impact of fee changes implemented on August 1.  These expectations are estimated, preliminary and may change. There can be no assurance that our final RPC for the three months ended September 30, 2018, 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 and EDGX options exchanges 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

3Q18 Guidance
vs. Two-month
Avg.

Three-Months Ended

Product:

Aug-18

 

Aug-18

Jul-18

Jun-18

May-18

Multiply-Listed Options (Cboe, C2, BZX, EDGX)

$0.061

2% to 3% above

$0.058

$0.062

$0.063

$0.066

Index Options (Cboe and C2)

$0.767

1.5% to 2.5% below

$0.762

$0.761

$0.753

$0.745

     Total Options Average Revenue Per Contract

$0.245

In line

$0.240

$0.240

$0.241

$0.248

Futures (CFE)

$1.673

1% to 2% above

$1.684

$1.665

$1.633

$1.632