Cboe Global Markets Reports September 2018 Trading Volume

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